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TIPS Interest and Par Value A 4.00 percent TIPS has an original reference CPI of 176.90. If the current CPI is 208.80, what is the current interest payment and par value of the TIPS? (Round your answers to 2 decimal places.)
$1,180.33, $40.00, respectively
$1,000.00, $40.00, respectively
$1,180.33, $23.61, respectively
$1,000.00, $20.00, respectively
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