TIPS Interest and Par Value a 3

TIPS Interest and Par Value A 3.75 percent TIPS has an original reference CPI of 175.8.If the current CPI is 207.7,what is the current interest payment and par value of the TIPS? (Assume semi-annual interest payments and $1,000 par value.)

A) $1,000, $18.75, respectively
B) $1,000, $37.50, respectively
C) $1,181.46, $22.15, respectively
D) $1,181.46, $37.50, respectively

Correct Answer:

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