You purchase a TIP note with an original principal amount of $1,000,000 and a 4 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the...

You purchase a TIP note with an onginal principal amount of $1,000,000 and a 4 percent annual coupon (paid semiarnnually). What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent? (round your answer to 2 decimal places)

Extracted text: You purchase a TIP note with an original principal amount of $1,000,000 and a 4 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent? (round your answer to 2 decimal places) another question will save this response. Question 5 of :