Question $20$

$1$ pts

A $4-$year TIPS bond has an annual coupon rate of $4$ percent and a starting face value of $$1,000.$ The actual inflation rate turned out to be $3$ percent every year for each of the $4$ years. What will be the approximate amount of coupon payment for Year $4?$

$$33\mathrm{.}77$

$$45\mathrm{.}02$

$$43\mathrm{.}20$

$$40$

$$30$