The stop out yield on a 15-year Treasury bond is 2.58%. What price would every successful bidder pay for a $1,000 par bond?

A.990.10

 B.998.66

 C.995.42

 D. 991.37

 

 Which statement is not correct?

A. The U.S. Treasury sells T-notes and T-bonds through competitive and noncompetitive single-price treasury auctions

 b. Single-Price Treasury auctions means all winning bidders pay the same price, which is the highest acceptable price.

 c. The coupon rate of Treasury notes is rounded down from stop-out yield to the nearest 1/8th if needed.

 D. The highest bid yield accepted is called 'Stop Out'. Bidders who bid less than the stop-out yield receive their full allotment.