Question: You have purchased a two-year TIPS with a face value of $1,000, a coupon rate of 4%, and semiannual coupon payments. The inflation rate during

You have purchased a two-year TIPS with a face value of $1,000, a coupon rate of 4%, and semiannual coupon payments. The inflation rate during each 6-month period is 1.5%, 2%, 2%, and 2.8%. What is the final coupon payment (interest only, not principal) on the bond? Enter your answer rounded to two decimals with no formatting.

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