Question: TIPS A TIPS bond with a $1,000 par value was issued three years ago with a coupon rate of 7%. 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 7%. In the first year inflation was 2.3%, in the second year 2.8% and in the third year 3.3%. The coupon payment at the end of the third year would be ______. Multiple Choice $76.04 $76.15 $75.95 $70.00

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