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3. Rank of Canada announces an offering or Treasury bills with a face value amount of $25 billion. The response is $5 billion of non-competitive

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3. Rank of Canada announces an offering or Treasury bills with a face value amount of $25 billion. The response is $5 billion of non-competitive bids, along with the following competitive bids: Bidder A B Price Bid $9,500 $9,550 $9,600 $9,650 $9,700 Quantity Bid $5 billion $5 billion $5 billion $5 billion $5 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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