A 2.75 percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7,

Question:

A 2.75 percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the current interest payment and of the TIPS?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...