In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted:

Bidder	Bid Amount	Price
1	$500 million	0.9940
2	$750 million	0.9901
3	$1.5 billion	0.9925
4	$1 billion	0.9936
5	$600 million	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 $750 million in non-competitive bids, who will receive T-bills, in what

quantity, and at what price?