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The U.S. Treasury announces an auction for 5-year T-notes in the amount of $12.09bln. Non-competitive bids received total $0.97bln. The following are the top competitive

The U.S. Treasury announces an auction for 5-year T-notes in the amount of $12.09bln. Non-competitive bids received total $0.97bln. The following are the top competitive bids received: Bidder 1: $3.23bln. at 1.25% Bidder 2: $2.23bln. at 1.26% Bidder 3: $1.82bln. at 1.27% Bidder 4: $2.58bln. at 1.275% Bidder 5: $1.32bln. at 1.28% Bidder 6: $2bln. at 1.28% Bidder 7: $0.98bln at 1.285% What will be the allocation to Bidder 5? (Record your answer in $bln, to the nearest $0.001bln, drop the $ symbol. E.g., if your answer is $375.5mln, record it as 0.376.)

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