ILLINOIS
Lisle Village
Aug 15, 2016 . . . . . . $3,700,000
General Obligation Refunding Bonds (Alternate Revenue Source), Series 2016 (bank qualified) (book entry).
Dated Aug 24, 2016.
Due Dec 15, 2017 to 2032.
Callable Dec 15, 2025 at par.
Winning bid: Mesirow Financial, at n/a, TIC 2.0077%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 12/15/17 | $195,000 | 2.00% | 0.68% | ||
| 12/15/18 | $200,000 | 2.00% | 0.78% | ||
| 12/15/19 | $205,000 | 2.00% | 0.85% | ||
| 12/15/20 | $210,000 | 2.00% | 0.95% | ||
| 12/15/21 | $215,000 | 2.00% | 1.05% | ||
| 12/15/22 | $220,000 | 2.00% | 1.20% | ||
| 12/15/23 | $220,000 | 2.00% | 1.30% | ||
| 12/15/24 | $225,000 | 2.00% | 1.40% | ||
| 12/15/25 | $230,000 | 2.00% | 1.50% | ||
| 12/15/26 | $235,000 | 2.00% | 1.60% | ||
| 12/15/27 | $240,000 | 2.00% | 1.70% | ||
| 12/15/28 | $245,000 | 3.00% | 1.85% | ||
| 12/15/30 | $515,000 | 3.00% | 2.25% | ||
| 12/15/31 | $270,000 | 3.00% | 2.30% | ||
| 12/15/32 | $275,000 | 3.00% | 2.35% |
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Kane, McKenna Capital, Inc., Chicago, IL.
Other bidders were:
Raymond James, TIC 2.0156%
Robert W. Baird, TIC 2.0521%
FTN Fin Cap Mkts, TIC 2.1284%
BOK Fin Secs, TIC 2.2819%
KANSAS
El Dorado (City)
Aug 15, 2016 . . . . . . $8,515,000
General Obligation Improvement Bonds, Series 2016A (bank qualified) (book entry).
Dated Aug 31, 2016.
Due Nov 1, 2017 to 2027.
Callable Nov 1, 2024 at par.
Winning bid: Country Club Bank, at 102.2900, TIC 1.4409%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 11/1/17 | $735,000 | 1.25% | 0.65% | ||
| 11/1/18 | $775,000 | 1.25% | 0.75% | ||
| 11/1/19 | $790,000 | 1.25% | 0.85% | ||
| 11/1/20 | $795,000 | 1.50% | 0.95% | ||
| 11/1/21 | $810,000 | 1.50% | 1.05% | ||
| 11/1/22 | $825,000 | 2.00% | 1.20% | ||
| 11/1/23 | $835,000 | 2.00% | 1.30% | ||
| 11/1/24 | $855,000 | 2.00% | 1.40% | ||
| 11/1/25 | $875,000 | 2.00% | 1.45% | ||
| 11/1/26 | $895,000 | 2.00% | 1.50% | ||
| 11/1/27 | $325,000 | 2.00% | 1.60% |
L.O.: Gilmore & Bell, Wichita, KS.
F.A.: Springsted Incorporated, St. Paul, MN.
Other bidders were:
Citigroup, TIC 1.4825%
Northland Securities, TIC 1.502%
UMB Bank, TIC 1.5037%
SunTrust Robinson, TIC 1.5175%
Wells Fargo Secs, TIC 1.53%
Raymond James, TIC 1.5351%
FTN Fin Cap Mkts, TIC 1.5404%
Robert W. Baird, TIC 1.5538%
Overland Park (City)
Aug 15, 2016 . . . . . . $31,590,000
Internal Improvement Refunding Bonds, Series 2016A (book entry).
Dated Sep 14, 2016.
Due Sep 1, 2017 to 2030.
Callable Sep 1, 2026 at par.
Winning bid: JPMorgan, at 116.9391, TIC 1.6511%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 9/1/17 | $1,340,000 | 3.00% | 0.47% | ||
| 9/1/18 | $1,340,000 | 5.00% | 0.55% | ||
| 9/1/19 | $1,410,000 | 5.00% | 0.63% | ||
| 9/1/20 | $1,950,000 | 5.00% | 0.75% | ||
| 9/1/21 | $2,045,000 | 5.00% | 0.88% | ||
| 9/1/22 | $2,150,000 | 5.00% | 1.06% | ||
| 9/1/23 | $2,265,000 | 5.00% | 1.17% | ||
| 9/1/24 | $2,375,000 | 5.00% | 1.26% | ||
| 9/1/25 | $2,495,000 | 5.00% | 1.35% | ||
| 9/1/26 | $2,625,000 | 5.00% | 1.44% | ||
| 9/1/27 | $2,760,000 | 4.00% | 1.59% | ||
| 9/1/28 | $2,870,000 | 2.50% | 1.93% | ||
| 9/1/29 | $2,945,000 | 2.50% | 2.05% | ||
| 9/1/30 | $3,020,000 | 2.75% | 2.21% |
In association with: Estrada Hinojosa & Company, Inc., Drexel Hamilton, LLC., Stifel, Nicolaus & Co., Inc..
In association with: Academy Securities Inc., Alamo Capital, Intercoastal Capital Markets, Inc., Siebert, Brandford, Shank & Co., LLC, Sterne, Agee & Leach, Inc, SL Hare Capital, Wiley Bros.-Aintree Capital LLC.
L.O.: Kutak Rock, Kansas City, MO.
F.A.: Public Financial Management, Inc., Minneapolis, MN.
Other bidders were:
Citigroup, TIC 1.688%
Piper Jaffray, TIC 1.6891%
Mesirow Financial, TIC 1.6981%
FTN Fin Cap Mkts, TIC 1.6994%
BA Merrill Lynch, TIC 1.7059%
Hutchinson Shockey, TIC 1.7125%
Robert W. Baird, TIC 1.7196%
Hilltop Securities, TIC 1.7521%
Wells Fargo Secs, TIC 1.791%
MASSACHUSETTS
Ashland (Town)
Aug 15, 2016 . . . . . . $2,795,000
General Obligation Municipal Purpose Loan of 2016 Bonds (bank qualified) (book entry).
Dated Aug 25, 2016.
Due Dec 15, 2017 to 2027.
Callable Dec 15, 2024 at par.
Winning bid: Fidelity Capital, at 114.8539, TIC 1.2449%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 12/15/17 | $265,000 | 5.00% | 0.47% | ||
| 12/15/18 | $265,000 | 5.00% | 0.55% | ||
| 12/15/19 | $270,000 | 5.00% | 0.63% | ||
| 12/15/20 | $270,000 | 5.00% | 0.75% | ||
| 12/15/21 | $270,000 | 5.00% | 0.90% | ||
| 12/15/22 | $270,000 | 5.00% | 1.05% | ||
| 12/15/23 | $265,000 | 5.00% | 1.15% | ||
| 12/15/24 | $270,000 | 5.00% | 1.25% | ||
| 12/15/25 | $265,000 | 2.00% | 1.38% | ||
| 12/15/26 | $265,000 | 2.00% | 1.50% | ||
| 12/15/27 | $120,000 | 2.00% | 1.60% |
Other managers: Morgan Stanley & Co., Inc., Winslow, Evans & Crocker.
L.O.: Locke Lord LLP, Boston, MA.
F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.
Other bidders were:
Roosevelt & Cross, TIC 1.2537%
FTN Fin Cap Mkts, TIC 1.299%
Robert W. Baird, TIC 1.3084%
Raymond James, TIC 1.3092%
Fifth Third Secs, TIC 1.3311%
Stifel Nicolaus, TIC 1.4588%
MINNESOTA
Medford Independent School District No. 763
Aug 15, 2016 . . . . . . $1,040,000
General Obligation Facilities Maintenance Bonds, Series 2016A (MN SD Credit Enhancement Program) (bank qualified) (book entry).
Dated Sep 7, 2016.
Due Feb 1, 2019 to 2029.
Callable Feb 1, 2026 at par.
Winning bid: United Banker's Bk, at n/a, TIC 1.7214%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/1/20 | $135,000 | 0.90% | 0.90% | ||
| 2/1/22 | $170,000 | 1.15% | 1.15% | ||
| 2/1/24 | $180,000 | 1.35% | 1.35% | ||
| 2/1/26 | $205,000 | 1.55% | 1.55% | ||
| 2/1/29 | $350,000 | 2.125% | 1.85% |
L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Robert W. Baird, TIC 1.7343%
Northland Securities, TIC 1.8017%
Milaca Independent School District No. 912
Aug 15, 2016 . . . . . . $4,740,000
Certificates of Participation, Series 2016B (bank qualified) (book entry).
Dated Sep 8, 2016.
Due Feb 1, 2018 to 2036.
Callable Feb 1, 2026 at par.
Winning bid: Robert W. Baird, at 99.0000, TIC 2.5693%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/1/18 | $205,000 | 2.00% | 1.00% | ||
| 2/1/19 | $210,000 | 2.00% | 1.10% | ||
| 2/1/20 | $215,000 | 2.00% | 1.20% | ||
| 2/1/21 | $220,000 | 2.00% | 1.35% | ||
| 2/1/22 | $220,000 | 2.00% | 1.45% | ||
| 2/1/23 | $225,000 | 2.00% | 1.55% | ||
| 2/1/24 | $230,000 | 2.00% | 1.65% | ||
| 2/1/25 | $235,000 | 2.00% | 1.75% | ||
| 2/1/26 | $240,000 | 2.00% | 1.85% | ||
| 2/1/27 | $245,000 | 2.25% | 2.00% | ||
| 2/1/28 | $250,000 | 2.50% | 2.10% | ||
| 2/1/29 | $255,000 | 2.50% | 2.20% | ||
| 2/1/30 | $265,000 | 2.50% | 2.30% | ||
| 2/1/31 | $270,000 | 2.50% | 2.40% | ||
| 2/1/33 | $560,000 | 2.50% | 2.60% | ||
| 2/1/36 | $895,000 | 2.75% | 2.90% |
Other managers: CL King & Associates, Cronin & Co., Inc., Vining-Sparks IBG, Limited Partnership, Edward Jones, SAMCO Capital Markets, Coastal Securities Corp., WNJ Capital, Crews & Associates, Inc., Davenport & Company LLC, Duncan-Williams, Inc., Ross, Sinclaire & Associates LLC, Loop Capital Markets, LLC, Bernardi Securities, Inc., Country Club Bank, Oppenheimer & Co., Inc., SumRidge Partners, LLC, R. Seelaus & Co., Inc., Sierra Pacific Securities, Isaak Bond Investments, Inc., Alamo Capital, IFS Securities, Rafferty Capital Markets LLC, First Empire Securities, W.H. Mell Associates, Inc., Wayne Hummer & Co., FMSbonds, Inc., Wedbush Securities Inc..
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Northland Securities, TIC 2.6099%
Piper Jaffray, TIC 2.6868%
BOK Fin Secs, TIC 2.9309%
NEW JERSEY
Woodbridge Township
Aug 15, 2016 . . . . . . $132,555,000
Bond Anticipation Notes Consisting of: $87,290,000 General; $39,175,000 Sewer Utility; $5,220,000 Recreation Utility and $870,000 Parking Utility (book entry).
Dated Aug 19, 2016.
Due Aug 18, 2017.
Purchased $12,555,000.00 by TD Securities, at 2.0%, plus $164,093.80, effective rate 0.6894%.
Purchased $20,000,000.00 by RBC Capital Mkts, at 2.0%, plus $261,400.00, effective rate 0.6894%.
Purchased $30,000,000.00 by RBC Capital Mkts, at 2.0%, plus $387,600.00, effective rate 0.7044%.
Purchased $70,000,000.00 by Wells Fargo Secs, at 3.0%, plus $1,597,400.00, effective rate 0.7116%.
L.O.: Rogut McCarthy LLC, Cranford, NJ.
F.A.: Lerch, Vinci & Higgins, Fair Lawn, NJ.
Other bidders were:
TD Securities, Effective Rate 0.7194%
Jefferies, Effective Rate 0.7218%
RBC Capital Mkts, Effective Rate 0.7295%
TD Securities, Effective Rate 0.7345%
Jefferies, Effective Rate 0.7459%
Jefferies, Effective Rate 0.765%
Oppenheimer, Effective Rate 0.7846%
Oppenheimer, Effective Rate 0.8247%
Oppenheimer, Effective Rate 0.8598%
Oppenheimer, Effective Rate 0.91%
TEXAS
Carthage Independent School District
Aug 15, 2016 . . . . . . $9,410,000
Unlimited Tax School Building Bonds, Series 2016 (bank qualified) (book entry).
Dated Aug 15, 2016.
Due Aug 15, 2018 to 2023.
Callable Aug 15, 2019 at par.
Winning bid: Robert W. Baird, at 104.7243, TIC 1.1452%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 8/15/18 | $535,000 | 2.00% | 0.60% | PSF | |
| 8/15/19 | $1,565,000 | 2.00% | 0.70% | PSF | |
| 8/15/20 | $1,595,000 | 2.00% | 0.80% | PSF | |
| 8/15/21 | $1,625,000 | 3.00% | 0.95% | PSF | |
| 8/15/22 | $1,675,000 | 3.00% | 1.05% | PSF | |
| 8/15/23 | $2,415,000 | 1.25% | 1.30% | PSF |
Other managers: CL King & Associates, Vining-Sparks IBG, Limited Partnership, Cronin & Co., Inc., Ross, Sinclaire & Associates LLC, WNJ Capital, Loop Capital Markets, LLC, Oppenheimer & Co., Inc., Duncan-Williams, Inc., Northland Securities, Inc., Davenport & Company LLC, SumRidge Partners, LLC, Sierra Pacific Securities, Alamo Capital, Isaak Bond Investments, Inc., Country Club Bank, First Empire Securities, IFS Securities, UMB Bank, N.A.., Wedbush Securities Inc., Stephens Inc., Rafferty Capital Markets LLC, W.H. Mell Associates, Inc., Wayne Hummer & Co., FMSbonds, Inc..
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, Plano, TX.
Other bidders were:
Citigroup, TIC 1.1577%
Stifel Nicolaus, TIC 1.1762%
Hilltop Securities, TIC 1.2871%
Raymond James, TIC 1.3782%
Wells Fargo Secs, TIC 1.3816%
FTN Fin Cap Mkts, TIC 1.4951%
Montgomery County Municipal Utility District No. 115
Aug 15, 2016 . . . . . . $9,635,000
Unlimited Tax Bonds, Series 2016 (book entry).
Dated Sep 1, 2016.
Due Sep 1, 2017 to 2041.
Callable Sep 1, 2023 at par.
Winning bid: SAMCO Cap Mkts, at 97.8759, NIC 2.8635%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 9/1/17 | $200,000 | 2.00% | 0.70% | NPFGC | |
| 9/1/18 | $210,000 | 2.00% | 0.85% | NPFGC | |
| 9/1/19 | $220,000 | 2.00% | 1.00% | NPFGC | |
| 9/1/20 | $230,000 | 2.00% | 1.15% | NPFGC | |
| 9/1/21 | $240,000 | 2.00% | 1.30% | NPFGC | |
| 9/1/22 | $250,000 | 2.00% | 1.45% | NPFGC | |
| 9/1/23 | $260,000 | 2.00% | 1.60% | NPFGC | |
| 9/1/24 | $270,000 | 2.00% | 1.75% | NPFGC | |
| 9/1/25 | $280,000 | 2.00% | 1.85% | NPFGC | |
| 9/1/26 | $290,000 | 2.00% | 2.00% | NPFGC | |
| 9/1/27 | $300,000 | 2.00% | 2.15% | NPFGC | |
| 9/1/28 | $310,000 | 2.00% | 2.30% | NPFGC | |
| 9/1/29 | $320,000 | 2.25% | 2.45% | NPFGC | |
| 9/1/30 | $330,000 | 2.375% | 2.60% | NPFGC | |
| 9/1/31 | $350,000 | 2.50% | 2.70% | NPFGC | |
| 9/1/32 | $350,000 | 2.50% | 2.75% | NPFGC | |
| 9/1/33 | $360,000 | 2.50% | 2.80% | NPFGC | |
| 9/1/34 | $380,000 | 2.75% | 2.875% | NPFGC | |
| 9/1/35 | $410,000 | 2.75% | 2.95% | NPFGC | |
| 9/1/36 | $425,000 | 2.75% | 3.00% | NPFGC | |
| 9/1/38 | $1,275,000 | 3.00% | 3.05% | NPFGC | |
| 9/1/41 | $2,375,000 | 3.00% | 3.07% | NPFGC |
Other managers: Crews & Associates, Inc., Coastal Securities Corp., WNJ Capital, M. E. Allison & Co., Inc., Ross, Sinclaire & Associates LLC, Intercoastal Capital Markets, Inc., Ramirez & Co., Inc., Loop Capital Markets, LLC, Sierra Pacific Securities, Wells Nelson & Associates, LLC.
L.O.: Smith, Murdaugh, Little & Bonham, Houston, TX; and State Attorney General.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Houston, TX.
Other bidders were:
Raymond James, NIC 2.8674%
Robert W. Baird, NIC 2.8997%
RBC Capital Mkts, NIC 2.9296%
FMSbonds, NIC 2.9303%
BA Merrill Lynch, NIC 2.9462%
Hutchinson Shockey, NIC 3.0365%
Northampton Municipal Utility District
Aug 15, 2016 . . . . . . $6,490,000
Defined Area Unlimited Tax Bonds, Series 2016 (book entry).
Dated Sep 1, 2016.
Due Sep 1, 2017 to 2041.
Callable Sep 1, 2024 at par.
Winning bid: GMS Group, at 97.0000, NIC 3.3882%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 9/1/17 | $175,000 | 2.00% | 1.00% | ||
| 9/1/18 | $170,000 | 2.00% | 1.25% | ||
| 9/1/19 | $180,000 | 2.00% | 1.50% | ||
| 9/1/20 | $185,000 | 2.00% | 1.75% | ||
| 9/1/21 | $190,000 | 2.00% | 2.00% | ||
| 9/1/22 | $195,000 | 2.15% | 2.15% | ||
| 9/1/23 | $205,000 | 2.30% | 2.30% | ||
| 9/1/24 | $210,000 | 2.35% | 2.45% | ||
| 9/1/25 | $220,000 | 2.50% | 2.60% | ||
| 9/1/26 | $225,000 | 2.65% | 2.75% | ||
| 9/1/28 | $480,000 | 2.80% | 2.90% | ||
| 9/1/30 | $510,000 | 3.00% | 3.00% | ||
| 9/1/32 | $550,000 | 3.10% | 3.20% | ||
| 9/1/34 | $590,000 | 3.25% | 3.35% | ||
| 9/1/37 | $960,000 | 3.40% | 3.50% | ||
| 9/1/41 | $1,445,000 | 3.45% | 3.60% |
L.O.: Bacon & Wallace L.L.P., Houston, TX; and State Attorney General.
F.A.: Robert W. Baird & Co., Inc., Houston, TX.
Other bidders were:
Hilltop Securities, NIC 3.4105%
FMSbonds, NIC 3.7671%
Sheldon Independent School District
Aug 15, 2016 . . . . . . $50,310,000
Unlimited Tax School Building and Refunding Bonds, Series 2016A (book entry).
Dated Sep 1, 2016.
Due Feb 15, 2017 to 2041.
Callable Feb 15, 2026 at par.
Winning bid: Piper Jaffray, at 110.2574, TIC 2.6063%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/15/17 | $1,670,000 | 5.00% | 0.52% | PSF | |
| 2/15/18 | $690,000 | 4.00% | 0.67% | PSF | |
| 2/15/19 | $910,000 | 4.00% | 0.75% | PSF | |
| 2/15/20 | $1,275,000 | 5.00% | 0.88% | PSF | |
| 2/15/21 | $1,460,000 | 5.00% | 1.03% | PSF | |
| 2/15/22 | $1,545,000 | 5.00% | 1.20% | PSF | |
| 2/15/23 | $1,625,000 | 5.00% | 1.28% | PSF | |
| 2/15/24 | $1,705,000 | 5.00% | 1.39% | PSF | |
| 2/15/25 | $1,790,000 | 5.00% | 1.49% | PSF | |
| 2/15/26 | $1,880,000 | 5.00% | 1.59% | PSF | |
| 2/15/27 | $1,975,000 | 5.00% | 1.68% | PSF | |
| 2/15/28 | $2,075,000 | 5.00% | 1.78% | PSF | |
| 2/15/29 | $2,170,000 | 4.00% | 1.93% | PSF | |
| 2/15/30 | $2,250,000 | 4.00% | 2.06% | PSF | |
| 2/15/31 | $2,345,000 | 4.00% | 2.17% | PSF | |
| 2/15/32 | $2,425,000 | 3.00% | 2.47% | PSF | |
| 2/15/33 | $2,505,000 | 3.00% | 2.57% | PSF | |
| 2/15/34 | $2,580,000 | 3.00% | 2.67% | PSF | |
| 2/15/35 | $2,660,000 | 3.00% | 2.77% | PSF | |
| 2/15/36 | $2,745,000 | 3.00% | 2.81% | PSF | |
| 2/15/41 | $12,030,000 | 3.00% | 3.00% | PSF |
L.O.: Andrews Kurth LLP, Houston, TX; and State Attorney General.
F.A.: USCA Municipal Advisors, LLC, Houston, TX; and U.S. Capital Advisors LLC, Houston, TX.
Other bidders were:
Robert W. Baird, TIC 2.6072%
BA Merrill Lynch, TIC 2.6178%
Raymond James, TIC 2.6258%
Mesirow Financial, TIC 2.6493%
Citigroup, TIC 2.6951%
Wells Fargo Secs, TIC 2.7%
Hilltop Securities, TIC 2.713%
JPMorgan, TIC 2.7956%
WISCONSIN
Waunakee Village
Aug 15, 2016 . . . . . . $1,000,000
Waterworks and Electric System Mortgage Revenue Refunding Bonds, Series 2016B (bank qualified) (book entry).
Dated Sep 1, 2016.
Due Oct 1, 2017 to 2026.
Callable Oct 1, 2023 at par.
Winning bid: BOK Fin Secs, at 101.6187, TIC 1.5057%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 10/1/17 | $90,000 | 2.00% | 0.75% | ||
| 10/1/18 | $95,000 | 2.00% | 0.85% | ||
| 10/1/19 | $90,000 | 2.00% | 1.00% | ||
| 10/1/20 | $95,000 | 2.00% | 1.05% | ||
| 10/1/21 | $100,000 | 2.00% | 1.15% | ||
| 10/1/22 | $100,000 | 2.00% | 1.25% | ||
| 10/1/23 | $105,000 | 2.00% | 1.35% | ||
| 10/1/24 | $105,000 | 1.50% | 1.50% | ||
| 10/1/25 | $105,000 | 1.60% | 1.60% | ||
| 10/1/26 | $115,000 | 1.70% | 1.70% |
L.O.: Husch Blackwell LLP, Milwaukee, WI.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Bankers' Bank, TIC 1.5256%
Bernardi Securities, TIC 1.5538%
Northland Securities, TIC 1.6759%
Robert W. Baird, TIC 1.7373%
