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Treasury department conducted an auction of a 3 0 - year Treasury bond for $ 2 0 billion. The following is the list of competitive
Treasury department conducted an auction of a year Treasury bond for $ billion. The
following is the list of competitive bids along with their bidding yields and amount. There are
also $ billion noncompetitive bids.
a Which bidder will receive how much of the security?
b What is the "high" yield of this auction?
c What is the coupon rate of the security?
d What is the price of the security for $ par value?
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