The Australian government issues bonds through a discriminatory variable rate auction.

Which of the following statements is correct?

	A.	The only bidders who do not receive any bonds at all are those who bid above the cut-off yield.
	B.	The winners are the bidders with a yield above or equal to the cut-off yield.
	C.	The winners receive a yield equal to the cut-off yield.
	D.	The cut-off yield is a decision made by the AOFM.