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The following bids have been submitted for the week's US Treasury 90 day T-Bill auction. The UST wants to sell $1,900 of T- Bills. What

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The following bids have been submitted for the week's US Treasury 90 day T-Bill auction. The UST wants to sell $1,900 of T- Bills. What is the clearing price for the auction? Amount Bidder Name Price $400 $0.9979 $250 $0.9984 $725 Lehman Merrill EF Hutton DLJ Smith Barney $0.9799 $550 $0.9975 $450 $0.9862 Baird $300 $375 $0.9893 $0.9989 Drexel

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