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please help me with me finance homework question. please show me step by step how to get numerical value. I want to know the process
please help me with me finance homework question. please show me step by step how to get numerical value. I want to know the process of how to getting the value. Question marks
The above table shows the auction results for the year Government of Canada
benchmark bond. Assume the bond pays coupons semiannually and has an
actualdays day count convention. The Issue date is the same as the Settlement
date for pricing purposes.
a pts Using the information above, what was the average clean price for the
year bond? How much accrued interest was there on the bond on December
b points After the auction, there was billion of the year bond outstanding.
Assume the total bids received from the primary dealers was billion. What
was the size of this year benchmark bond auction? Briefly explain.
c pts Briefly explain the auction tail. Should the Bank of Canada want a 'wide' tail or
a 'tight' tail? Briefly explain.
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