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In a Treasury auction of $2.1 billion par value 91-day T-bills, If the Treasury also received $750m in non-competitive bids and the following competitive bids:
- In a Treasury auction of $2.1 billion par value 91-day T-bills, If the Treasury also received $750m in non-competitive bids and the following competitive bids:
Bidder | Bid Amount | Price |
1 | $500million | $0.9940 |
2 | $750million | $0.9901 |
3 | $1.5billion | $0.9925 |
4 | $500million | $0.9936 |
5 | $600million | $0.9939 |
a) Bidder 1, 4. 5 will receive t-bills in the amount requested all at 0.9936
b) Bidder 1,3,4 and 5 will receive T-bills at 0.9925
c) Non -competitors will receive T-bills in the amount requested at .9940
d) Non-competitors bidders as well as competitive bidders 1,5, 4 will receive T-bills at .9936
e) Non-competitors bidders as well as competitive bidders 1,5, 4 will receive T-bills at .9940
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