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Total annual coupon income you will receive in year 3 is

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You buy a TIPS at issue at par for $1,000. The bond has a 3.3% coupon. Inflation turns out to be 2.3%, 3.3%, and 4.3% over the next 3 years. The total annual coupon income you will receive in year 3 is?

Reference no: EM132154527

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