A tip was auctioned on april 1 2017 at an interest rate of, Accounting Basics

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A tip was auctioned on april 1 2017 at an interest rate of

Question: A TIP was auctioned on April 1, 2017 at an interest rate of 0.450%, maturity April 1, 2027, face amount of $10,000,000. The semi-annual inflation rate over the next 2 years are expected to be as follows:

6-month inflation rate at Oct. 1, 2017: 1.00%

6-month inflation rate at Apr. 1, 2018: 0.50%

6-month inflation rate at Oct. 1, 2018: -0.35%

6-month inflation rate at Apr. 1, 2019: -0.75%

What is the (a) inflation adjusted amount and (b) interest payment on Oct. 1, 2017, April 1, 2018, Oct. 1, 2018, and Apr. 1, 2019?

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Accounting Basics: A tip was auctioned on april 1 2017 at an interest rate of

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Accounting Basics: A tip was auctioned on april 1 2017 at an interest rate of

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