laurielaparr2930
05.03.2020 •
Business
A TIPS was issued with a face value of $5,000, a coupon rate of 3 percent, and a reference CPI of 201.42. The current CPI is 203.14. What is the current interest payment?
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Ответ:
$75.64
Explanation:
Data provided in the question
Face value = $5,000
Coupon rate = 3%
Reference CPI = 201.42
Current CPI = 203.14
By considering the above information, the current interest payments is
= Face value × (Current CPI ÷ Reference CPI) × coupon rate
where,
Coupon rate = 3% ÷ 2 = 1.5%
So, the interest payment is
= $5,000 × (203.14 ÷ 201.42) × 1.5%
= $75.64
Ответ:
I'm sorry to hear about that
Explanation:
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