- Financial Markets And Institutions Class 1 (49.31 KiB) Viewed 44 times
financial markets and institutions class
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answerhappygod
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financial markets and institutions class
financial markets and institutions class
7- In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: (CL02) Bidder Bid Amount Price per $100 1 2 3 4 5 $500 million $750 million $500 million $1 billion $600 million $99.20 $99.01 $99.25 $99.36 $99.39 If the Treasury also received $750 million in non-competitive bids, who will receive T-bills, in what quantity, and at what price? (2 marks) CLO 1
7- In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: (CL02) Bidder Bid Amount Price per $100 1 2 3 4 5 $500 million $750 million $500 million $1 billion $600 million $99.20 $99.01 $99.25 $99.36 $99.39 If the Treasury also received $750 million in non-competitive bids, who will receive T-bills, in what quantity, and at what price? (2 marks) CLO 1