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answer and explain writing. The US Treasury auctions $3 2bn of 91-day Treasury bills, receiving competitive and non-competitive bids. The following competitive bids were received

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answer and explain writing.

The US Treasury auctions $3 2bn of 91-day Treasury bills, receiving competitive and non-competitive bids. The following competitive bids were received Bidder Amount Price B1 $750mn $0.9956 B2 $1.11n $0.9930 $500m $0.9912 B3 B4 $650mn $0.9944 The Treasury also received Sibn in non-competitive bids. Who will receive T-bills, in what quantity, and at what price

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