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The U.S. Treasury auctions $2.0 billion in 5-year bonds. It receives the following bids from various investors: Investor Yield Amount A 1.80% $500 million B
The U.S. Treasury auctions $2.0 billion in 5-year bonds. It receives the following bids from various investors:
Investor Yield Amount
A 1.80% $500 million
B 1.82% $600 million
C 1.83% $500 million
D 1.85% $700 million
Which investor is bidding the highest price?
Group of answer choices
C
B
A
D
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