Question: TIPS Interest and Par Value A 2.50 percent TIPS has an original reference CPI of 170.4. If the current CPI is 205.7, what is the

TIPS Interest and Par Value A 2.50 percent TIPS has an original reference CPI of 170.4. If the current CPI is 205.7, 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.)

  • $7.16, $1,000, respectively

  • $15.09, $1,207.16, respectively

  • $15.09, $1,000, respectively

  • $7.16, $1,207.16, respectively

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