Question: Problem 7-8 TIPS Interest and Par Value (LG7-2) A 3.250 percent TIPS has an original reference CPI of 180.6. If the current CPI is 206.9,

Problem 7-8 TIPS Interest and Par Value (LG7-2)

A 3.250 percent TIPS has an original reference CPI of 180.6. If the current CPI is 206.9, 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

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