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 coupon payment that is made in January 2020 is closest to:

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The coupon payment is equal to the coupon rate times the par value of the bond, adjusted for inflation. In this case, the coupon rate is 4%, the par value is $1000, and the inflation adjustment factor is 300/200 = 1.5. Therefore, the coupon payment is $1000 * 4% * 1.5 = $60. The closest choice to this is $30.