Question: Problem 7 - 8 TIPS Interest and Par Value ( LG 7 - 2 ) A 4 . 0 0 0 percent TIPS has an

Problem 7-8 TIPS Interest and Par Value (LG7-2)
A 4.000 percent TIPS has an original reference CPI of 179.8. If the current CPI is 206.1, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Par value
Interest payment
 Problem 7-8 TIPS Interest and Par Value (LG7-2) A 4.000 percent

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