a:What is the stop-out yield?

b:How much revenue does the Treasury get from this auction?

c: If the treasuries were auctioned with multiple-price method, how much revenue does the Treasury get from this auction?

The treasury auctions (single-price Dutch auction) $10 billion of 3 months T-bills. It receives $2 billion of non-competitive bids. The treasure also receives the competitive bids below in no particular order. Yield Price per $1 of par Amount bid 2.25 0.955 2.5 1.25 0.975 4 2.75 0.945 4.5 3.75 0.925 3.5 1.75 0.965 3 3.25 0.935 1 The treasury auctions (single-price Dutch auction) $10 billion of 3 months T-bills. It receives $2 billion of non-competitive bids. The treasure also receives the competitive bids below in no particular order. Yield Price per $1 of par Amount bid 2.25 0.955 2.5 1.25 0.975 4 2.75 0.945 4.5 3.75 0.925 3.5 1.75 0.965 3 3.25 0.935 1