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TIPS Interest and Par Value A 3.75 percent TIPS has an original reference CPI of 175.80. If the current CPI is 207.70, what is the current interest payment and par value of the TIPS? (Round your answers to 2 decimal places.)

$1,181.46, $37.50, respectively

$1,181.46, $22.15, respectively

$1,000.00, $18.75, respectively

$1,000.00, $37.50, respectively

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