TIPS Capital Return Consider a 3

question 118

Multiple Choice

TIPS Capital Return Consider a 3.25 percent TIPS with an issue CPI reference of 186.7.At the beginning of this year,the CPI was 197.5 and was at 202.4 at the end of the year.What was the capital gain of the TIPS in dollars? (Assume semi-annual interest payments and $1,000 par value.)

• A)$4.90
• B)$10.80
• C)$15.70
• D)$26.25

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Definitions:

Confederate Army

The military ground forces of the Confederate States of America during the American Civil War, fighting against the Union from 1861 to 1865.

Slaveowners

Individuals who owned slaves, historically engaging in the practice of slavery as a source of labor and economic gain.

Non-slaveholding

Refers to individuals, families, or regions that did not own slaves, especially significant in the context of the antebellum United States.