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ANSWER SHOULD BE D, i just dont know to to get there. Table 1 Bidder Bid Amount S833 S797 S481 S471 S373 Price S0.9920 S0.9960

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ANSWER SHOULD BE D, i just dont know to to get there.

Table 1 Bidder Bid Amount S833 S797 S481 S471 S373 Price S0.9920 S0.9960 S0.9931 S0.9970 S0.9919 4 1. The Treasury Department wants to raise $2,209 by selling Treasury bills in an auction. The amount of non-competitive bids equals S618. What is the prevailing price in the auction in Table 1? A. S0.9960 B. S0.9920 C. $0.9970 D. S0.9931 E. S0.9919 Table 1 Bidder Bid Amount S833 S797 S481 S471 S373 Price S0.9920 S0.9960 S0.9931 S0.9970 S0.9919 4 1. The Treasury Department wants to raise $2,209 by selling Treasury bills in an auction. The amount of non-competitive bids equals S618. What is the prevailing price in the auction in Table 1? A. S0.9960 B. S0.9920 C. $0.9970 D. S0.9931 E. S0.9919

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