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Below is partial information on the results of Tender Number ABC Offered to public ($million) = 500 Weighted average winning yield (%) = 0.770 Lowest
Below is partial information on the results of Tender Number ABC Offered to public ($million) = 500 Weighted average winning yield (%) = 0.770 Lowest yield accepted (%) = 0.650 Highest yield accepted (%) = 0.840 Highest submitted (%) = 0.840 Times covered = 0.866 What is the situation present in Tender Number ABC? A. Excess supply B. Excess demand C. Market clearing D. None of the above E. There is not enough information to answer the question.
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