问题详情

On January 1st of the year, an investor purchases $100,000 in par value of a new Treasury Inflation Protection Security (TIPS) issue that has a 3% coupon rate. The annual rate of inflation over the first six months of the year is 3.5% and the annual rate of inflation for the second six months of the year is 4.0%. The amount of coupon interest paid to the investor after the second six months of the year isclosest to:
A. 1,557.
B. 1,577.
C. 1,597.