Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer both questions with explanation You obtained a sample of Treasury bill auction results, but some of the key info is missing. Based on
please answer both questions with explanation
You obtained a sample of Treasury bill auction results, but some of the key info is missing. Based on the information provided in the table below, answer the following questions. 3. What is the investment rate (in \%) of the T-bill? (Hint: the imvestment rate is the bond equivalent yield) Keep 3 decimal places; enter a number only; do not enter a dollar sign or a percentage sign. For example, if your answer is 1.234%, then just enter 1.234. 4. There were two bids at the stop-out yield. The bid amounts of them are as follows: Bid 1: $50,000,000; Bid 2: $30,000,000 Suppose the remaining amount of T-bills at the stop-out yield was $64,000,000. What is the allotted-at-high ratio? 46.88% 125.00% 80.00% 78.13% Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started