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2a in a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: If only these competitive bids are received, who
2a in a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: If only these competitive bids are received, who will receive T-bills, in what quantityand at what price? If the Treasury also received $750 million in noncompetitive bids, who will receive T-bills, in what quantity and at what price? Bidder Price 1 Bid Amount $500 million $750 million $1.5 billion $1 billion $600 million $0.9940 $0.9901 $0.9025 $0.9926 $0.9939- 5
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