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Question 15. The following information is about an auction on a 90 day T- 5 points Bill with face value of $1000. The calling volume
Question 15. The following information is about an auction on a 90 day T- 5 points Bill with face value of $1000. The calling volume is $4 billion, in which $1 billion is for non-competitive (N-C) bid. How much is the winning price? * Bidder Bidding Volume ($bil) 1.5 Bidding Price per $1 0.9735 B 0.75 0.9367 2 0.9425 D 2.5 N-C E 0.25 0.9437 F 5 N-C G 2.5 N-C H 1.5 0.9562 0.9735 0.9367 O 0.9425 O 0.9437 O 0.9562
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