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Assume the Treasury is going to auction $ 5 0 billion in 1 2 - week ( 7 2 day ) T - bills and

Assume the Treasury is going to auction $50 billion in 12-week (72 day) T-bills and the following bids come in for the auction. There are non-competitive bids in the amount of $2.7 billion. What is the price at which all Bills are sold? What is the stop-out yield (discount)? Which bidders get completely filled? Which Bidder bid at the stop-out yield, and what percent does that bidder get filled?
Bidder ID
Bid Amount ($ billions)
Bid Price (% of face)
A
12.6
99.22
B
10.5
99.26
C
6
99.3
D
11.6
99.27
E
7.6
99.33
F
10
99.35
G
10.1
99.28
H
12
99.29

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