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Business, 22.09.2019 13:00 aero8030

Tom chooses to invest $10,000 in 10-year, fixed-rate u. s. treasury bonds with a coupon of 2.625 instead of in 10-year tips with a coupon of 1.250. tom expects the inflation rate to be 3% on average over the lives of the bonds. why is his decision to invest in fixed-rate u. s. treasury bonds inconsistent with his expectations of the inflation rate?

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Tom chooses to invest $10,000 in 10-year, fixed-rate u. s. treasury bonds with a coupon of 2.625 ins...
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