Suppose that the coupon rate for a TIPS is 4.8%. Suppose further that an investor purchases $200,000 of par value (initial principal) of this issue today and that the annualized inflation rate is 4%. If the annualized inflation rate over the following 6 months is −4.5%. What is the coupon payment (in $) at the end of the year? Round your answer to 2 decimal places. For example, if your answer is 5.567, please write down 5.57.

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