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  • 20-01-2023
  • Business
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A TIPS bond is issued in the principal amount of $1,000, paying 3.5%. Over the security's 5-year term, the inflation rate is 4%. What is the amount of the final semiannual interest check?
A) $42.66
B) $17.50
C) $21.33
D) $35.00

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