Full details of the results of the auction are outlined below: Issue Date November 22, 2011 Maturity Date November 22, 2031 Tenor 20 Years Total Amount Applied for $3,035,180,000.00 Total Amount Offered $1,500,000,000.00 Total Amount Allotted $1,500,000,000.00 Issue Yield 5.40% Coupon Rate 6.00% Cut-Off Price $107.28 Range of Successful Bids $120.00 - $107.28 Amount Allotted to Non-Competitive Applications $15,792,000.00
Full details of the results of the auction are outlined below: Issue Date November 22, 2011 Maturity Date November 22, 2031 Tenor 20 Years Total Amount Applied for $3,035,180,000.00 Total Amount Offered $1,500,000,000.00 Total Amount Allotted $1,500,000,000.00 Issue Yield 5.40% Coupon Rate 6.00% Cut-Off Price $107.28 Range of Successful Bids $120.00 - $107.28 Amount Allotted to Non-Competitive Applications $15,792,000.00
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. Yield to maturity based on the price of $1072.80
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