Tipler Corporation engages in a repurchase agreement with Bank of DC. In the agreement, Tipler sells $11,996,250 worth of Treasury securities to the bank and agrees to repurchase the securities in seven days for $12,000,000. What is the single payment yield of the repo contract? A. 2.47% B. 1.61% C. 2.04% D. 1.18% O E. 2.89% The following table gives the competitive bids by dealers at a recent auction of a 91-day Treasury bill. The total amount of the security offered in par value was $10,000,000. The total non-competitive bid was $3,000,000. What was the final price of the security at the auction per $1,000 par value? (Note that the table gives discount yields based on bidding price by dealers.) Bidder Bid ($M) Bidder 1 $ 2.00 Bidder 2 $ 1.75 Bidder 3 $ 1.50 Bidder 4 $ 2.50 Bidder 5 $ 1.25 Yield 2.25% 2.48% 2.05% 2.15% 2.30% A. $994.57 B. $993.73 O C. $994.82 D. $994.31 E. $994.19