A corporation is issuing a bond on a competitive bidding basis. The corporation has indicated that it will issue \(\$ 200\) million of an issue. The following yield bids and the corresponding amounts were submitted:

a. Who are the winning bidders?

b. How much of the security will be allocated to each winning bidder?

c. If this auction is a single-price auction, at what yield will each winning bidder be awarded the security?

d. If this auction is a multiple-price auction, at what yield will each winning bidder be awarded the security?

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Bidder A B C D E F G H I J K L M Amount (in millions) $20 40 10 50 40 20 10 10 20 25 28 20 18 Bid 7.4% 7.5 7.5 7.5 7.6 7.6 7.7 7.7 7.8 7.9. 7.9 8.0 8.1