In a Treasury auction of 182-day T-bills, the following bids were submitted:Bidder 1 bid for $500 million at rate 0.080%; bidder 2 bid for $750 million at rate 0.084%; bidder 3 bid for 1.5 billion at rate 0.085%; bidder 4 bid for 1 billion at 0.081%; and bidder 5 bid for 300 million at rate 0.079%. If the auction amount is 1.8 billion, and no one submits non-competitive bid, then which of the following is true

Select one:

a. Bidder 2 will be accepted for all his/her bid amount

b. Bidder 3 will be awarded for his/her full amount

c. Bidder 4 will be awarded for his/her full amount

d. All 1.8 billion will be allocated among the 5 bidders according to their bid amount