a. Does the U.S. Department of the Treasury use a single-price or multiple-price auction in the issuance
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a. Does the U.S. Department of the Treasury use a single-price or multiple-price auction in the issuance of Treasury coupon securities?
b. How is the yield of winning bidders determined in a Treasury auction?
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Related Book For
Foundations Of Financial Markets And Institutions
ISBN: 9780136135319
4th Edition
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
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