Suppose that on January 15, 2010, the Canadian government issued a five-year inflation-indexed note with a coupon of 3% On the date of issue, the consumer price index (CPI) was 272. By January 15, 2015, the CPI had increased to 325. What principal and coupon payment was made on January 15, 2015? Assume that the face value is $1000.

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The CPI index appreciated by 325 272 1195 consequently ... View the full answer