Question: You purchase a TIP note with an original principal amount of $ 1,000,000 and a 11 percent annual coupon ( paid semiannually)what is the first

You purchase a TIP note with an original principal amount of $ 1,000,000 and a 11 percent annual coupon ( paid semiannually)what is the first coupon payment be if the semiannual infliation over the first six months is 1 percent ? ( round your answer to 2 decimal places)

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