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What is the current interest payment

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A 2.95 percent TIPS has an original reference CPI of 180.2. If the current CPI is 205.1, what is the current interest payment and par value of the TIPS? (Assume semi-annual interest payments and $1,000 par value.)

A. $1138.18, $29.50, respectively
B. $1,000, $29.50, respectively
C. $1,138.18, $16.79, respectively
D. $878.60, $16.79, respectively

Reference no: EM133015858

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