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Bank of Canada offers $10 billion auction of 91-day T bills. It receives the following bids: $6 billion non-competitive and the following competitive bids $1

Bank of Canada offers $10 billion auction of 91-day T bills. It receives the following bids:

$6 billion non-competitive and the following competitive bids

$1 billion at 99.30 or yield 2.8275%, $1 billion at 99.32 or yield 2.7461%,

$1 billion at 99.34 or yield 2.6648%, $2 billion at 99.36 or yield 2.5836%,

What bids are accepted? What is the price paid for each accepted bid? What is the price paid for the non-competitive bids?

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