calculate the "High Yield"

The Treasury has auctioned off 1 billion $ worth of T-bonds with a maturity of 10 years and semi-annual coupon payments. In this particular auction, $57 million worth of non-competitive bids were submitted, Investors submitted the following competitive bids and corresponding requested amounts: Amount Requested in million 5) 12 Discount Yield (in basis points) 1.5284 15285 15290 15295 1.5298 15299 15305 15310 1.5320 1.5350 54 21 87 313 460 109 61 89 55 Calculate the "High Yield of this auction Submit your answer with four digits after the decimal point) Numene Desponse