In a government bond auction of 20 billion AMD, the following bids were submitted:

The bond issued pays semi-annual coupon of 10%, and matures in 7 years. Based on the bids submitted, which bidders will win, in what quantity, and at what price? Please consider both discriminatory and uniform auctions.

+ Bidders Amounts Yield 1 6,000,000,000 7.9875% 8,000,000,000 8.0467% N 3 600,000,000 7.8900% 4 9,000,000,000 7.8780% 5 750,000,000 8.0977% 6 3,400,000,000 7.9700% 7 5,500,000,000 8.1877% U + Bidders Amounts Yield 1 6,000,000,000 7.9875% 8,000,000,000 8.0467% N 3 600,000,000 7.8900% 4 9,000,000,000 7.8780% 5 750,000,000 8.0977% 6 3,400,000,000 7.9700% 7 5,500,000,000 8.1877% U