Question: 7. Consider a $1,000 par value TIPS with a 2% coupon rate. set at issuance. Six months later, the CPI turns out to be 3%.

 7. Consider a $1,000 par value TIPS with a 2% coupon

7. Consider a $1,000 par value TIPS with a 2% coupon rate. set at issuance. Six months later, the CPI turns out to be 3%. What is the value of the first coupon from this TIPS

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