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3 (1 point) In a Treasury auction for $25 billion worth of Treasury securities, $2 billion worth of non-competitive bids was received. Six competitive bidders

3 (1 point) In a Treasury auction for $25 billion worth of Treasury securities, $2 billion worth of non-competitive bids was received. Six competitive bidders submitted the following bids: Bidders A Amount ($ billion) Bid (in terms of discount yield) B C D E F 4.0 5.5 6.0 7.5 6.0 8.0 2.51% 2.52% 2.52% 2.53% 2.53% 2.54% According to today's auction rules Bidder E will receive the following allocation: no allocation. $3.33 billion $4.22 billion $6 billion

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