Question: Save Answer 2 points You purchase a TIP note with an original principal amount of $1.000.000 and a 8 percent annual coupon (paid semiannually), what

 Save Answer 2 points You purchase a TIP note with an

Save Answer 2 points You purchase a TIP note with an original 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? (round your answer to 2 decimal places)

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