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PLEASE SOLVE AND SHOW ALL WORK, THANKS 2. Treasury-Bill Auction In a Treasury auction of S1.3 billion par value 91-day T-bills, the following bids were
PLEASE SOLVE AND SHOW ALL WORK, THANKS
2. Treasury-Bill Auction In a Treasury auction of S1.3 billion par value 91-day T-bills, the following bids were submitted Bidder Bid Amount Price S500 million $0.9938 S750 million $0.99 11 Sl 5 billion $0.9914 $0.9937 si billion S300 million $0.9939 a. If only these competitive bids are received, who will receive T-bills, in what quantity, and at what price? b. If the Treasury also received S500 million in non-competitive bids, who will receive T-bills, in what quantity, and at what price
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