Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. name 1. work out the following auction of treasury

Name 1. Work out the following auction of Treasury Notes. Calculate implicit returns, marginal price,...

70.2K

Verified Solution

Question

Accounting

image

Name 1. Work out the following auction of Treasury Notes. Calculate implicit returns, marginal price, allocation and percentage coverage of the marginal tranche. The Spanish Treasury wants to issue 500 million euros in 6 month Treasury Notes. Non competitive bids amount to 50 million Competitive bids are listed below: 180 m at 98,4%; 250 m at 98,1 %; 150 m at 98,6%; 175 m at 98,2%. Name 1. Work out the following auction of Treasury Notes. Calculate implicit returns, marginal price, allocation and percentage coverage of the marginal tranche. The Spanish Treasury wants to issue 500 million euros in 6 month Treasury Notes. Non competitive bids amount to 50 million Competitive bids are listed below: 180 m at 98,4%; 250 m at 98,1 %; 150 m at 98,6%; 175 m at 98,2%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students