Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need the answers to 3 6 and 7 Insert the auction results page into your project. (0.2 pts.) What are the high, low, and median
Need the answers to 3 6 and 7
- Insert the auction results page into your project. (0.2 pts.)
- What are the high, low, and median yields on this issue? (0.2 pts.)
High 1.809% Medium 1.770% Low 0.880%
- What is the stop-out rate? (0.2 pts.)
- What is the total dollar value each of tendered bids and accepted bids? Exclude SOMA (0.2 pt.)
Tendered bids = $67,181,253,800
Accepted bids = $27,000,002,200
What is the total dollar value each of noncompetitive bids and competitive bids accepted? (0.2 pt.) Noncompetitive tendered bids = $20,011,800 Noncompetitive accepted bids = $20,011,800
Competitive tendered bids = $67,161,242,000 Competitive accepted bids = $26,979,990,400
- What is the bid-to-cover ratio? (0.2 pts.) (Round to 2 decimal places)
Bid-to-Cover Ratio: $67,181,253,800/$27,000,002,200 = 2.49
- What is the coupon rate offered on this issue? (0.2 pts.)
- What is the price investors paid for $1,000 face value of these T-notes? Show how this was calculated? (0.2 pts.) (Round to 4 decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started