Question 1 (20 marks) a) The Commonwealth Government recently announced a $1 billion Treasury bond issue by competitive tender. The 10 -year bonds have a fixed coupon of 7.25% per annum. The Reserve Bank of Australia intends to take $150 million of the allocation and the remaining $850 million will be allocated to according to bids received. The following bids are received: Allocate the competitive bids. At what yield will the Reserve Bank of Australia obtain its $150 million allocation