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FIN301: The US Government wanted to auction $500 million worth of 1-year Treasury Bills. Bids for $50 million worth of Treasury Bills were submitted on

FIN301:

The US Government wanted to auction $500 million worth of 1-year Treasury Bills. Bids for $50 million worth of Treasury Bills were submitted on a non-competitive basis. Any bid greater or equal to 35% of the total amount offered for auction will be disqualified.

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