3. Assume the following information about a Treasury Bill auction: Total to be auctioned Total non-competitive bids $100,000,000 face value $ 45,000,000 face value $10,000,000 face value Federal Reserve purchase Competitive bids Bidder A Bidder B Bidder C Bidder D Bidder E S30,000,000 $35,000,000 $20,000,000 $50,000,000 $15,000,000 2.1 5% 2.67% 2.35% 2.25% 2.05% Answer the following concerning this auction of 91-day (13-week) T Bills. How much of the non-competitive bids and Federal Reserve bid will be filled? How much does this leave for the competitive bidders? A. B. How are the competitive bids allocated? Was any bidder short? Did any bidder C. What was the average yield for the non-competitive bidders? D. What was the stop yield? What was the tail? E. Assume that you were a non-competitive bidder for $100,000. Based on your or bidders get shut out? answer to C, what price did you pay for your T Bills? What was your discount yield (ia)? What was your bond equivalent yield (ibe)