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Following are the dealer competitive bids for the $200 milllion US T-Bill auction. There are no other bidders. What is the stop-out-yield? Dealers A

Following are the dealer competitive bids for the $200 milllion US T-Bill auction. There are no other bidders. What is the stop-out-yield? Dealers A B C D E F Face Value(mil) 55 75 50 75 35 60 Yield 3.85% 3.25% 3.35% 3.65% 4.25% 4.00%

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