Question: You purchase a TIP note with an original principal amount of $1,000,000 and a 6 percent annual coupon (paid semiannually). What will the first coupon

You purchase a TIP note with an original principal amount of $1,000,000 and a 6 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the first six months is 1 percent? (round your answer to 2 decimal places)

Question 13 2 points www You purchase a TIP note with an original principal amount of $1,000,000 and a 6 percent annual coupon (paid somiannually). What will the first coupon payment to the ma inflation over the first six months is 1 percent? (round your answer to 2 decimal places) Moving to another question will save this response. Question 13 2 points You purchase a TIP note with an original principal amount of $1,000,000 and a 6 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the first six months is 1 percent? (round your answer to 2 decimal places)

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