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A 325 Percent TIPS Has an Original Reference CPI of 194

Question 97

Multiple Choice

A 3.25 percent TIPS has an original reference CPI of 194.1. If the current CPI is 210.3, what is the current interest payment? (Assume semiannual interest payments and a par value of $1,000.)


A) $15.00
B) $16.25
C) $17.61
D) $31.54

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