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Question 15 3 pts The treasury auctions (single-price Dutch auction) $10 billion of 3 months T-bills. It receives $2 billion of non-competitive bids. The treasure
Question 15 3 pts The treasury auctions (single-price Dutch auction) $10 billion of 3 months T-bills. It receives $2 billion of non-competitive bids. The treasure also receives the competitive bids below in no particular order. Yield Price per $1 of par Amount bid 2.25 0.955 2.5 1.25 0.975 4 2.75 0.945 4.5 3.75 0.925 3.5 1.75 10.965 3 3.25 10.935 1 What is the stop-out yield? 2.25% 1.25% 2.75% None is correct
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