Question: (10 points) Use 1-page to explain the process by which treasury bonds in the US are sold in the marketplace. Who are the participants? What
(10 points) Use 1-page to explain the process by which treasury bonds in the US are sold in the marketplace. Who are the participants? What is book building? What auction mechanism is used and why?

5. (10 points) Use 1-page to explain the process by which treasury bonds in the US are sold in the marketplace. Who are the participants? What is book building? What auction mechanism is used and why
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