If the Treasury also received S750 million in noncompetitive bids, who will receive T-bills, in what quantity, and at what price? (Refer to the table in problem) Problem In a Treasury auction of S2.1 billion par value 91-day T-bills, the following bids were submitted: Bidder Bid Amount (S million) Price (S) 500 0.9940 750 0.9901 1.5 0.9925 1 0 9936 600 0.9939 If only these competitive bids are received, who will receive T-bills, in what quantity, and at what price? If the Treasury also received S750 million in noncompetitive bids, who will receive T-bills, in what quantity, and at what price? (Refer to the table in problem) Problem In a Treasury auction of S2.1 billion par value 91-day T-bills, the following bids were submitted: Bidder Bid Amount (S million) Price (S) 500 0.9940 750 0.9901 1.5 0.9925 1 0 9936 600 0.9939 If only these competitive bids are received, who will receive T-bills, in what quantity, and at what price