Principal and coupon payment


Problem:

On January 15, 2010, the U.S. Treasury issued a five-year inflation-indexed note with a coupon of 3%. On the date of issue, the consumer price index (CPI) was 250. By January 15, 2015, the CPI had increased to 300. What principal and coupon payment was made on January 15, 2015?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Principal and coupon payment
Reference No:- TGS02056547

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)