On January 15, 2020, the U.S. Treasury issued a 10-year inflation-indexed note with a coupon of 6%.

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On January 15, 2020, the U.S. Treasury issued a 10-year inflation-indexed note with a coupon of 6%. On the date of issue, the CPI was 403.

By January 15, 2030, the CPI had decreased to 297.

What principal and coupon payment was made on January 15, 2030?

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Corporate Finance

ISBN: 9781292304151

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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