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Q1. The Government of Canada is issuing $1 billion fixed-coupon marketable bonds. The table below...

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Finance

Q1. The Government of Canada is issuing $1 billion fixed-coupon marketable bonds. The table below lists the competitive bids from government securities distributors. The Government is awarding $20 million of the bond issue to the non-competitive bidders. Calculate how much each competitive bidder will receive. (Show your calculations)

Bidder Competitive Bid Yield Size

1 4.021% $200 million

2 4.026% $200 million

3 4.033% $200 million

4 4.044% $200 million

5 4.051% $200 million

6 4.062% $200 million

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