Question: Moving to another question will save this response. Question 20 of 27 Question 20 2 points Save Answe You purchase a TIP note with an

Moving to another question will save this response. Question 20 of

Moving to another question will save this response. Question 20 of 27 Question 20 2 points Save Answe You purchase a TIP note with an original principal amount of $1,000,000 and a 6 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent? (round your answer to 2 decimal places) hp

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