I'm sorry, but this is the additional, thank you very much

6. Based on the Auction Results provided, the bonds were issued at a yield (YTM) of 4.75%, with a price of $977.30 (per $1,000 face value). Using your knowledge of bond calculations, prove the accuracy of: i. The Bond Price (based on the YTM of 4.75%) 8 Marks ii. The Yield to Maturity (based on the price of $977.30). 6 Marks The auction of the Government of Trinidad and Tobago $1.0 billion 12-year 4.50% bond to be issued on May 16, 2016, has been oversubscribed, with the total bids received amounting to $1,884.301 million. The bond issue was upsized to accept a total of $1,162.913 million. The bond was allotted at a discount, with a clearing price of $97.73 per $100.00 face value, offering investors a yield to maturity of 4.75 per cent. Successful competitive bidders, as well as non-competitive bidders, will be required to pay the clearing price for the bond. Full details of the results of the auction are outlined below: May 16, 2016 May 16, 2028 Issue Date Maturity Date Tenor Total Amount Applied for Total Amount Offered 12 Years $1,884,301,000.00 $1,000,000,000.00 Total Amount Allotted $1,162,913,000.00 4.75% 4.50% Issue Yield Coupon Rate Cut-Off Price Range of Successful Bids Face Value Allotted to Non-Competitive Applications $97.73 $125.00 - $97.73 $20,419,000.00 6. Based on the Auction Results provided, the bonds were issued at a yield (YTM) of 4.75%, with a price of $977.30 (per $1,000 face value). Using your knowledge of bond calculations, prove the accuracy of: i. The Bond Price (based on the YTM of 4.75%) 8 Marks ii. The Yield to Maturity (based on the price of $977.30). 6 Marks The auction of the Government of Trinidad and Tobago $1.0 billion 12-year 4.50% bond to be issued on May 16, 2016, has been oversubscribed, with the total bids received amounting to $1,884.301 million. The bond issue was upsized to accept a total of $1,162.913 million. The bond was allotted at a discount, with a clearing price of $97.73 per $100.00 face value, offering investors a yield to maturity of 4.75 per cent. Successful competitive bidders, as well as non-competitive bidders, will be required to pay the clearing price for the bond. Full details of the results of the auction are outlined below: May 16, 2016 May 16, 2028 Issue Date Maturity Date Tenor Total Amount Applied for Total Amount Offered 12 Years $1,884,301,000.00 $1,000,000,000.00 Total Amount Allotted $1,162,913,000.00 4.75% 4.50% Issue Yield Coupon Rate Cut-Off Price Range of Successful Bids Face Value Allotted to Non-Competitive Applications $97.73 $125.00 - $97.73 $20,419,000.00