Dutch auction for $130 billion of US Treasury bills. Noncompetitive Bids total $10 billion, and competitive bidders in descending order of offer price are as given in the table. Discount Rate Bid 0.0280% 0.0285% 0.0287% 0.0290% 0.0291% 0.0292% 0.0291% Competitive Bids Bid Price per $100 99.99782 99.99778 99.99777 99.99774 99.99774 99.99773 99.99773 (in billions) $5 $10 $15 $30 $45 $15 $10 What is the discount rate necessary to sell all amounts of Treasury bills? (write all 4 figures after the dot) Answer: 0.0291