4. (8 points) The US Treasury has decided to issue $1,000mn worth in ten-year debt. There are currently four primary dealers that will help in distributing the issue via competitive bids. There is a total of $100mn in non-competitive bids. The table below lists each dealer's bid. Dealer JP Morgan UBS RBC Bank Goldman Sachs Bid (%) Quantity ($mn) 2.4 300 2.3 200 2.0 400 300 2.2 How many bonds (in $mn) does each dealer get? Ignore the 35% limit on competitive bids. Please answer using the table below. Quantity (Smn) Dealer JP Morgan UBS RBC Bank Goldman Sachs Also, what would you expect the coupon rate of the ten-year issue to be near? Explain why