Question: double check please 2 points You purchase a TIP note with an original principal amount of $1,000,000 and a 9 percent annual coupon (paid semiannually.

 double check please 2 points You purchase a TIP note with

double check please

2 points You purchase a TIP note with an original principal amount of $1,000,000 and a 9 percent annual coupon (paid semiannually. What will the first coupon payment be the flation over the first six months is 2 percent? (round your answer to 2 decimal places)

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