Suppose on January 15, 2022, the U.S. Treasury issued a five-year inflation-indexed note with a coupon of

Question:

Suppose on January 15, 2022, 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, 2027, the CPI had increased to 300. What principal and coupon payment was made on January 15, 2027?

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