Question: TIPS Interest and Par Value A 2 . 5 0 percent TIPS has an original reference CPI of 1 7 1 . 4 . If

TIPS Interest and Par Value A 2.50 percent TIPS has an original reference CPI of 171.4. If the current CPI is 206.7, what is the current interest payment and par value of the TIPS? Assume semi-annual interest payments and $1,000 par value. (Round your answer to 2 decimal places.)

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