A 5125 Percent TIPS Has an Original Reference CPI of 191

question 118

Multiple Choice

A 5.125 percent TIPS has an original reference CPI of 191.8. If the current CPI is 188.3, what is the par value of the TIPS?

• A) $981.75
• B) $1,018.60
• C) $992.75
• D) $1,042.95

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