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The Treasury wants to place 550 million euros in 12 month bills. The non-competitive bids total 450 million. The competitive bids are as follows: 90

The Treasury wants to place 550 million euros in 12 month bills. The non-competitive bids total 450 million. The competitive bids are as follows: 90 m at 98.15%, 70 m at 98.74%, 50 m at 97.20% and 20 m at 97.40%. Mark the correct answer: Select one: a. The return of the competitive bids is 1.45795% b. Leave it blank c. The weighted average price is 98.5630% d. The marginal price is 98.15% and the pro-rata is 35.33% e. The price of the non-competitive bids is 98.5530%

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