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Receipt of bids and bid opening
We discussed how to prepare the bids and to publish them in the earlier sub section. Now let us see how to receive and open bids.
To receive bids you should:
Bid opening
You must receive the bids within the stipulated time on the date of last submission. The bid box should be sealed and opened at the stipulated time (usually half an hour later than the time stipulated for submission of bids).
At the time of bid opening you should:
The price-yield relationship of a non-callable or a non-putable bond is convex because price and yield are inversely proportional. Figure 1 shows the price-yield
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