Question: Consider a 3.20 percent TIPS with an issue CPI reference of 208.1. The bond is purchased at the beginning of the year (after the interest

Consider a 3.20 percent TIPS with an issue CPI reference of

Consider a 3.20 percent TIPS with an issue CPI reference of 208.1. The bond is purchased at the beginning of the year (after the interest payment), when the CPI was 218.0. For the interest payment in the middle of the year, the CPI was 221.0. Now, at the end of the year, the CPI is 224.7 and the interest payment has been made. What is the total return of the TIPS in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Total return What is the total return of the TIPS in percentage? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Total return %

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