Question: 6 ) Suppose the US Treasury is auctioning ( $ 4 0 ) billion of new securities . They get (

6) Suppose the US Treasury is auctioning \(\$ 40\) billion of new securities. They get \(\$ 1\) billion of noncompetitive bids, \& these competitive bids:
What is the stop-out rate? How much does each bidder receive and at what yield? Why does the Treasury conduct auctions this way?
6) Suppose the US Treasury is auctioning \(\$ 40\) billion of

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