Calculate how much competitive bidder will receive

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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 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

Reference no: EM132995661

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