10. Treasury Auctions (LO1, CFA2) The Federal Reserve announces an offering of Treasury bills with a face...

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10. Treasury Auctions (LO1, CFA2) The Federal Reserve announces an offering of Treasury bills with a face value of $60 billion. Noncompetitive bids are made for $8 billion, along with the following competitive bids:

Bidder Price Bid Quantity Bid A $9,400 $15 billion B 9,405 14 billion C 9,410 11 billion D 9,415 8 billion E 9,425 10 billion F 9,430 9 billion In a single-price auction, which bids are accepted and what prices are paid by each bidder?

How much money is raised by the entire offering?

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