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You buy a TIPS with 6 years remaining maturity. This security has a 4.50% coupon rate, a YTM of 2% and a $90,000 face value. When issued, this security had a maturity of 19 years. Annual inflation has averaged 4.40% since the security was issued. Compute the value of the next semi-annual coupon paid by this security. Enter your answer without dollar signs or commas.

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Category:- Basic Finance
Reference No.:- M9883041

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