Question: 5 Multiple Choice 4 points Suppose the U . S . Treasury auctions $ 1 0 billion of 9 0 - day bills, and the

5
Multiple Choice 4 points
Suppose the U.S. Treasury auctions $10 billion of 90-day bills, and the competitive bids are $6 bilion at 1.670%. $3 bilion at 1.673 Kk and $2 bilion at 1.675% Noncompetitive bids are $1 billion in total. What yield will noncompetitive bidders recelve?
1.675%
1.673%
1.672%
1.670%
5 Multiple Choice 4 points Suppose the U . S .

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