Question: TIPS Interest and Par Value A 3 . 7 5 percent TIPS has an original reference CPI of 1 7 1 . 9 . If

TIPS Interest and Par Value A 3.75 percent TIPS has an original reference CPI of 171.9. If the current CPI is 207.2, 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.)
Multiple Choice
$5.35, $1,000, respectively
$22.60, $1,205.35, respectively
$5.35, $1,205.35, respectively
$22.60, $1,000, respectively

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