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4. In a Treasury auction of $800 million par value T-bills, the following bids were received: Bidder ou A WNA Bid Amount $300 million $200

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4. In a Treasury auction of $800 million par value T-bills, the following bids were received: Bidder ou A WNA Bid Amount $300 million $200 million $350 million $250 million $150 million $220 million Price $0.9820 $0.9850 $0.9825 $0.9835 $0.9845 Competitive Competitive Competitive Competitive Competitive Non-competitive Who will receive T-bills in this auction, in what quantity, and at what price? 2

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