Question: please fast 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

please fast You purchase a TIP note with an original principal

please fast

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 semiannu inflation over the first six months is 2 percent? (round your answer to 2 decimal places)

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