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3. Treasury department conducted an auction of a 30-year Treasury bond for $20 billion. The following is the list of competitive bids along with

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3. Treasury department conducted an auction of a 30-year Treasury bond for $20 billion. The following is the list of competitive bids along with their bidding yields and amount. There are also $2 billion non-competitive bids. Bidder Yield Amount 1 5.324% $3 billion 2 5.304% $5 billion 3 5.248% $4 billion 4 5.290% $6 billion 5 5.315% $3 billion 6 5.150% $6 billion a. Which bidder will receive how much of the security? b. What is the "high" yield of this auction? C. What is the coupon rate of the security? d. What is the price of the security for $100 par value?

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