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In January 2010,the U

Question 10

Multiple Choice

In January 2010,the U.S.Treasury issued a $1000 par,ten-year,inflation-indexed note with a coupon of 4%.On the date of issue,the consumer price index (CPI) was 200.By January 2020,the CPI had increased to 300.The principal payment that was made in January 2020 is closest to:


A) $1000
B) $1020
C) $1030
D) $1500

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