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8. T-Bill auctions are conducted by the Treasury every Thursday. Describe the two types of auctions the Treasury may accept: Competitive and non-competitive. a. The Treasury auctioned $2.5 million par-value 91-day T-Bills. It received 5 competitive and a non-competitive one as shown in the table below. Determine who received the T- Bills, what quantity and at what price Competitive Bidder Bid Amount Bid Price 1 $500,000.00 $750,000.00 $1,500,000.00 $1,000,000.00 $600,000.00 $0.9940 $0.9901 $0.9925 $0.9936 $0.9939 2 4 S the 5 Non-Competitive $750,000.00