Question
The table below shows the bids submitted in a Treasury auction of $3,000 million par value 92-day T-bills. The Treasury also received $1,800 million in
The table below shows the bids submitted in a Treasury auction of $3,000 million par value 92-day T-bills. The Treasury also received $1,800 million in non-competitive bids. List out the amount receive for each bidder from Bidder 1 to Bidder 5. (8 marks)
| Bidder | Bid Amount (million) | Price |
| 1 | $500 | $0.9911 |
| 2 | $1,200 | $0.9933 |
| 3 | $18 | $0.9976 |
| 4 | $100 | $0.9971 |
| 5 | $300 | $0.9970 |
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Business Ethics A Stakeholder And Issues Management Approach
Authors: Joseph W. Weiss
7th Edition
1523091541, 978-1523091546
