mxupa, page-10

Hi Watford, at present the 90 day bill rate is 3.40. So in April next year ( if not paid out), the yield will be > than 3.40 + 3.90 = 7.3%. At today's buying, that will give a 12.8% return. I am betting that the BBSW will be closer to 4.10, next year. That will mean a return of 14%. If Multiplex get the Sydney job, then it is all up, up and away.M