Question: (round your answer to 2 decimal places) You purchase a TIP note with an orginal principal amount of $1,000,000 and a 8 percent annual coupon

(round your answer to 2 decimal places) You purchase a TIP note with an orginal principal amount of $1,000,000 and a 8 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the first six months is 3 percent

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