Question: Question 3 2 pts TIPS have a face value of $1,000 at the issuance with an annual coupon rate of 7%. Assume CPI increases by

 Question 3 2 pts TIPS have a face value of $1,000

Question 3 2 pts TIPS have a face value of $1,000 at the issuance with an annual coupon rate of 7%. Assume CPI increases by 2%, which is the new face value and annual coupon payment? O $1,060 and $53 $1,000 and $53 $1,060 and $50 $1,020 and $71.4

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