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4. In a Treasury auction of $350 million par value 91-day T-bills, the following bids were submitted: Bidder Bid Amount Price 1 $50 million $0.9925

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4. In a Treasury auction of $350 million par value 91-day T-bills, the following bids were submitted: Bidder Bid Amount Price 1 $50 million $0.9925 2 $75 million $0.9928 3 $15 million $0.9945 4 $100 million $0.9940 5 $60 million $0.9932 If the Treasury also received $75 million in non-competitive bids, who will receive T-bills, in what quantity, and at what price

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