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A recent Treasury bill offer of $1.25 million had the following auction bids: Bidder Bid Amount Bid Price Nadine $240,000 $0.9190 Sophie $350,000 $0.9200 Simone
A recent Treasury bill offer of $1.25 million had the following auction bids:
| Bidder | Bid Amount | Bid Price |
| Nadine | $240,000 | $0.9190 |
| Sophie | $350,000 | $0.9200 |
| Simone | $200,000 | $0.9080 |
| Fred | $450,000 | $0.9110 |
| Charlton | $240,000 | $0.9120 |
| Christine | $100,000 | $0.9190 |
| George | $300,000 | $0.9090 |
| Barry | $160,000 | $0.9140 |
It was informed that Charlton received 25% allotment of his bid.
Required:
Determine the allotted amount for non-competitive bids.
Show how the treasury bill offer is allotted. Who will receive T-bills and what quantity?
What is the allotted price of the T-bill offer?
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