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Assume the Bureau of Fiscal Service of the U . S . Treasury plans to issue $ 1 0 0 million of 2 6 -
Assume the Bureau of Fiscal Service of the US Treasury plans to issue $ million of week Treasury Bills using a Dutch auction system. They received $ million in non competitive bids. They also received the following competitive bids:
a $ at
b $ at
c $ at
d $ at
e $ at
What rate will the US Treasury pay for this issue of TBills?
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