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The Government of Canada is issuing $1 billion fixed-coupon marketablebonds. 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 Size1 4.021% $200 million2 4.026% $200 million3 4.033% $200 million4 4.044% $200 million5 4.051% $200 million6 4.062% $200 million
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