When the Australian government issues government bonds during a tender, the cumulative aggregate/total demand by bidders is the following: Yield Total cumulative aggregate demand (in AUD million face value) 2.20% 2,200 2.15% 2,050 2.10% 1,950 2.05% 1,900 2.00% 1,820 Calculate the ratio that will be used to calculate the allocation of government bonds to the bidders who bid the cut-off yield. Explain in details the process you have followed to calculate the ratio

You obtained a sample of Treasury bill auction results, but some of the key info is missing. Based on the information provided in the table below, answer the following questions. Treasury Auction Results 56-day Bill Term and Type of Security CUSIP Number High Rate Allotted at High Price Investment Rate Median Rate Low Rate Issue Date Maturity Date 917536YD6 2.875% (missing) (missing) (missing) 2.750% 2.500% Total September 30, 2022 November 25, 2022 Tendered Accepted Competitive $110,325,483,000 $5,051,300,500 Noncompetitive (missing) (missing) $6,611,971,000

What should be the value of a Bankers' Acceptance with a $100,000 face value and 79 days until maturity quoted on a discount basis yielding 1.8935% with the current inflation rate of 2.2972? Consider the same question above assuming a $250,000 face value and 279 days until maturity quoted on a discount basis yielding .8935% with the current inflation rate of 1.467?

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