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Business, 07.01.2020 02:31 Vanessabattags4581

If the rate of inflation remains the same at 2% during the 5-year life of a tips bond with a coupon of 3%, what would the nominal value of the bond be at maturity to the nearest dollar? [a] $1,000[b] $1,060[c] $1,104[d] $1,160

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If the rate of inflation remains the same at 2% during the 5-year life of a tips bond with a coupon...
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