Need the answer to 3 7 8 and 9

1. Insert the auction results page into your project. (0.2 pts.)

2. What are the high, low, and median yields on this issue? (0.2 pts.)

High 2.415% Medium 2.380% Low 2.320%

3. What is the stop-out rate? (0.2 pt.)

4. What is the total dollar value each of tendered bids and accepted bids? Include FIMA. (0.2 pt.)

Tendered bids = $114,645,327,800 Accepted bids = $39,000,127,800

5. What is the total dollar value each of noncompetitive bids and competitive bids accepted? Include FIMA (0.2 pt.)

Noncompetitive tendered bids = $1,278,646,800 Noncompetitive accepted bids = $1,278,646,800 Competitive tendered bids = $113,366,681,000. competitive accepted bids = $37,721,481,000

6. What is the bid-to-cover ratio? Include FIMA. (0.2 pts.) (Round to 2 decimal places)

Bid-to-Cover Ratio: $114,645,327,800/$39,000,127,800 = 2.94

7. What is the price investors paid for $1,000 face value of these T-bills? Show how this was calculated? (0.2 pts.) (Round to 5 decimal places)

8. What is the Yield to maturity (or bond equivalent yield) on the issue? Show how this was calculated. (0.2 pts.) (Round to 3 decimal places)

9. Assume the yield to maturity immediately increases a full 1 percent. Calculate the new price. (0.2 pts.) (Round to 3 decimal places)

TREASURY NEWS Department of the Treasury. Bureau of the Facal Service For Immediate Release CONTACT: Treasury Auctions December 24, 2018 202-504-3550 TREASURY AUCTION RESULTS Term and Type of Security 91-Day Bill CUSIP Number 912796PX1 High Rate 2.415% Allotted at High 55.30% Price 99.389542 Investment Rate 2.464% Median Rate Low Rate Issue Date Maturity Date 2.380% 2.320% December 27, 2018 March 28, 2019 Competitive Noncompetitive FIMA (Noncompetitive) Subtotal Tendered $113,366,681,000 $1,058,646,800 $220,000,000 $114,645,327,800 Accepted $37,721,481,000 S1,058,646,800 S220,000,000 $39,000,127,800 SOMA SO 50 Total $114,645,327,800 $39,000,127,800 Primary Dealer Direct Bidder Indirect Bidder Total Competitive Tendered $91,986,000,000 $2,475,000,000 $18,905,681,000 $113,366,681,000 Accepted $20,111,300,000 $1,625,000,000 $15,985,181,000 $37,721,481,000 si TREASURY NEWS Department of the Treasury. Bureau of the Facal Service For Immediate Release CONTACT: Treasury Auctions December 24, 2018 202-504-3550 TREASURY AUCTION RESULTS Term and Type of Security 91-Day Bill CUSIP Number 912796PX1 High Rate 2.415% Allotted at High 55.30% Price 99.389542 Investment Rate 2.464% Median Rate Low Rate Issue Date Maturity Date 2.380% 2.320% December 27, 2018 March 28, 2019 Competitive Noncompetitive FIMA (Noncompetitive) Subtotal Tendered $113,366,681,000 $1,058,646,800 $220,000,000 $114,645,327,800 Accepted $37,721,481,000 S1,058,646,800 S220,000,000 $39,000,127,800 SOMA SO 50 Total $114,645,327,800 $39,000,127,800 Primary Dealer Direct Bidder Indirect Bidder Total Competitive Tendered $91,986,000,000 $2,475,000,000 $18,905,681,000 $113,366,681,000 Accepted $20,111,300,000 $1,625,000,000 $15,985,181,000 $37,721,481,000 si