ipa-client-install fails with error "IOError: [Errno 2] No such file or directory: '/etc/ipa/nssdb/pwdfile.txt'"

Issue

• ipa-client-install fails with error:

Enrolled in IPA realm EXAMPLE.COM
Created /etc/ipa/default.conf
Domain example.com is already configured in existing SSSD config, creating a new one.
The old /etc/sssd/sssd.conf is backed up and will be restored during uninstall.
Configured sudoers in /etc/nsswitch.conf
Configured /etc/sssd/sssd.conf
Configured /etc/krb5.conf for IPA realm EXAMPLE.COM
trying https://ipaserver.example.com/ipa/json
Forwarding 'ping' to json server 'https://ipaserver.example.com/ipa/json'
Forwarding 'ca_is_enabled' to json server 'https://ipaserver.example.com/ipa/json'
Traceback (most recent call last):
  File "/sbin/ipa-client-install", line 3098, in <module>
    sys.exit(main())
  File "/sbin/ipa-client-install", line 3079, in main
    rval = install(options, env, fstore, statestore)
  File "/sbin/ipa-client-install", line 2830, in install
    certdb.create_ipa_nssdb()
  File "/usr/lib/python2.7/site-packages/ipapython/certdb.py", line 49, in create_ipa_nssdb
    with open(pwdfile, 'w') as f:
IOError: [Errno 2] No such file or directory: '/etc/ipa/nssdb/pwdfile.txt'