The amount the customer would receive on each interest payment date is $312.50.
A treasury note is a debt security that fixed interest payment. The maturity of treasury notes range from two and ten years.
Interest is the amount that the note issuer pays to the note holder at fixed prespecified intervals.
Assuming the par value of the note is $1000, the interest received is:
(5 x 6.25% x 1000) = $312.50.
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