12. The table below reveals the competitive bids for a one-year Treasury bill auction. If the Treasury demands $60,000,000,000 in funds and there are $35,000,000,000 in non-competitive bids, what yield will all those whose bid is accepted by the Treasury receive? demand for T- cumulative demand for T- yield bid securities securities 1 0 | 5,000,000,000 5,000,000,000 2.00 0.1 15,000,000,000 20,000,000,000 2.22 3 0.2 10,000,000,000 30,000,000,000 2.50 4 0.3 12,500,000,000 42,500,000,000 2.86 5 0.4 7,500,000,000 50,000,000,000 3.33 %