High yield =1.5298

The coupon rate is set based on the "High Yield" (the winning bid), which you identified in the previous problem. The coupon is the nearest multiple of 0.125 percent below the winning discount yield. Recall that in this particular auction, the Treasury sold T-bonds with a maturity of 10 years and semi-annual coupon payments. Investors submitted the following competitive bids and corresponding requested amounts: Amount Requested (in million $) 12 54 21 87 Discount Yield (in basis points) 1.5284 1.5285 1.5290 1.5295 1.5298 1.5299 1.5305 1.5310 1.5320 1.5350 313 460 109 61 89 55 Calculate the Stop-Out Price of this auction as a percentage of face value. The coupon rate is set based on the "High Yield" (the winning bid), which you identified in the previous problem. The coupon is the nearest multiple of 0.125 percent below the winning discount yield. Recall that in this particular auction, the Treasury sold T-bonds with a maturity of 10 years and semi-annual coupon payments. Investors submitted the following competitive bids and corresponding requested amounts: Amount Requested (in million $) 12 54 21 87 Discount Yield (in basis points) 1.5284 1.5285 1.5290 1.5295 1.5298 1.5299 1.5305 1.5310 1.5320 1.5350 313 460 109 61 89 55 Calculate the Stop-Out Price of this auction as a percentage of face value