Suppose on January 15, 2013, the U.S. Treasury issued a five-year inflation-indexed note with a coupon of
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Suppose on January 15, 2013, the U.S. Treasury issued a five-year inflation-indexed note with a coupon of 5%. On the date of issue, the consumer price index (CPI) was 414. By January 15, 2018, the CPI had increased to 282. What principal and coupon payment was made on January 15, 2018?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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