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If the security auctioned above was Canada Government bond, what would be the revenue of the auction? Round your answer to 2 decimal points The

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If the security auctioned above was Canada Government bond, what would be the revenue of the auction? Round your answer to 2 decimal points

The US Treasury announces its intent to auction $15 billion par value of 26-week Treasury bills. It receives $5 billion of non-competitive bids. The competitive bids received are as follows: Price Per $1 of Par Par Value 0.9200 $3 billion 0.9170 $4 billion 0.9140 $5 billion 0.9110 $4 billion 0.9100 $3 billion What is the revenue that the Treasury could have generated (in billions)? Round your answer to 2 decimal points

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