Table

Bidder. Bid Amount. Price

1. $1,000. $0.9920

2 $877. $0.9960

3 $653 $0.9931

4. $978 $0.9970

5. $783. $0.9919

1. The Treasury Department wants to raise $2,650 by selling Treasury bills in an auction. The amount of non-competitive bids equals $703. What is the prevailing price in the auction in Table ?

A. $0.9920

B. $0.9960

C. $0.9931

D. $0.9970

E. $0.9919

2.Which competitive bidders were able to buy Treasury bills in Table ?

A. 4

B. 4, 2

C. 4, 2, 3

D. 4, 2, 3, 1

E. 4, 2, 3, 1, 5

3. Suppose Tom buys a call option contract with a strike of 3100.00%. The expiration price is $58. The premium is $5 per contract. What is the profit of the option per contract?

A. 2700.00%

B. -2700.00%

C. 0.00%

D. 2200.00%