Question: Problem 7-7 TIPS Interest and Par Value (LG7-2) A 3.125 percent TIPS has an original reference CPI of 185.7. If the current CPI is 211.0,

Problem 7-7 TIPS Interest and Par Value (LG7-2) A 3.125 percent

Problem 7-7 TIPS Interest and Par Value (LG7-2) A 3.125 percent TIPS has an original reference CPI of 185.7. If the current CPI is 211.0, what is the par value and current interest payment of the TIPS? (Do not round Intermediate calculations and round your final answers to 2 decimal places.) Answer is complete but not entirely correct. $ Par value Interest 1,136.24 35.51 payments

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