7- In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: (CL02) Bidder Bid

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7 In A Treasury Auction Of 2 1 Billion Par Value 91 Day T Bills The Following Bids Were Submitted Cl02 Bidder Bid 1 (49.31 KiB) Viewed 65 times

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