Business, 28.05.2020 23:58 didi2096

Josh pays $3,000 for a Treasury Inflation-Protected Security that has an annual interest rate of three percent. By the end of the first year that he owns the bond, consumer prices have increased by 10 percent. After this adjustment, how much interest is he paid per year?

A. $99.00
B. $30.00
C. $66.00
D. $33.00

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Josh pays $3,000 for a Treasury Inflation-Protected Security that has an annual interest rate of thr...