5. You will need to read up on Treasury auctions to answer the questions below. (a) What is the highest quantity allocation (in dollars) that a non-competitive bidder can get when bidding for Treasury bills? Provide the link to the source from where you got his information. (3) (b) What is the highest quantity allocation (in dollars) that a non-competitive bidder can get when bidding for Treasury notes and bonds? (2) (c) Who have priority in Treasury allocations-competitive or non-competitive bidders? (1) (d) In a Treasury auction, the stop-out yield was 3%. After all bidders who submitted lower yield competitive bids have been given their allocation, there remains $4 billion tendered (the amount that investors asked for) at the highest bid. But the Treasury only has $3 billion worth securities left. What percentage of the allocation that was bid by each bidder at the stop-out yield will be allocated to each bidder? (4)