The US Treasury is doing a T-Bill auction where they seek to auction of $15 million of bills. Use the table below to view both the competitive and noncompetitive bids. What is the stop-out price?

Investor	Type of Bid	Amount of Bid (in $ millions)	Price of Bid (%)
A	Competitive	4	99.90%
B	Competitive	6	99.85%
C	Competitive	4	99.80%
D	Competitive	2	99.75%
E	Competitive	3	99.70%
F	Competitive	2	99.65%
X	Noncompetitive	0.5	X
Y	Noncompetitive	0.2	X
Z	Noncompetitive	0.3	X

• A.

99.90%

• B.

99.85%

• C.

99.80%

• D.

99.75%

• E. None of the above