Question: TIPS A TIPS bond with a $1,000 par value was issued three years ago with a coupon rate of 8%. In the first year inflation

TIPS A TIPS bond with a $1,000 par value was issued three years ago with a coupon rate of 8%. In the first year inflation was 6.5%, in the second year 7% and in the third year 7.5%. The coupon payment at the end of the third year would be ______.

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