Question: Answer the below questions for a treasury auction. (a) For a Treasury auction what is meant by a noncompetitive bidder? (b)For a Treasury auction what

Answer the below questions for a treasury auction.
(a) For a Treasury auction what is meant by a noncompetitive bidder?
(b)For a Treasury auction what is meant by the high yield?

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a A noncompetitive bidder is a bidder is who is willing to purchase the auctioned security at the yield that is determined by the auction process More ... View full answer

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