Question
Suppose on January 15, 2013, the U.S. Treasury issued a five-year inflation-indexed note with a coupon of 4%. On the date of issue, the consumer
Suppose on January 15, 2013, the U.S. Treasury issued a five-year inflation-indexed note with a coupon of 4%. On the date of issue, the consumer price index (CPI) was 258. By January 15, 2018, the CPI had increased to 321. What principal and coupon payment was made on January 15, 2018?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
23rd Edition
1647084105, 978-1647084103
