Question

RBI Offers 91-day T-Bill to raise Rs 5,000 crore. The following bids have been received.


BIDDER 

Price of Bid 

Amount of Bid (Rupees in Crore)

A

98.95

1,800

B

98.93

700

C

98.92

1,000

D

98.90

1,200

E

98.90

600

F

98.87

200

G

98.85

350

H

98.85

150

You are suggested to find out 

a) The cut-off price under Uniform Price-Based auction method;

b) Who are winning bidders and how much of the security will be allocated to each winning bidders?

c) The yield rate for each of the winning bidders.​

Answer 1

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Step-by-step explanation: