Business, 28.05.2020 00:03 weeblordd

He Commonwealth Government has announced a $550 million Treasury bond issue by competitive tender. The 10-year bonds have a fixed coupon of 6.0% per annum. The Reserve Bank plans to take $100 million of the allocation and the remaining $450 million will be allocated according to bids received. The following bids are received: Bank A $150 million Yield 6.50% p. a. Bank B $125 million Yield 6.90% p. a. Bank C $150 million Yield 6.70% p. a. Bank D $250 million Yield 7.00% p. a. Bank E $100 million Yield 6.00% p. a. Determine the amount of allocation received by the bidding banks in the order of priority. Select one: a. Bank D ($250 million); Bank B ($125 million); Bank C ($75 million) b. Bank E ($100 million); Bank A ($150 million); Bank C ($150 million); Bank B ($50 million) c. Only Bank E will receive allocation d. All bidding bank will receive allocation equally e. Bank A ($150 million); Bank B ($125 million); Bank C ($75 million); Bank D ($150 million)

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He Commonwealth Government has announced a $550 million Treasury bond issue by competitive tender. T...

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