Multiple Choice
Which of the following about the primary market issue of Treasury bonds is NOT correct?
A) The issues are currently managed by AOFM.
B) Tenders will be lodged to buy the bonds in terms of yield to maturity.
C) The minimum bid must be for a face value of $1 million.
D) Bids are accepted in descending order: that is highest-yield first.
Correct Answer:
Verified
Correct Answer:
Verified
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