Question: Please answer! Will rate! Thank you! The US Treasury is conducting an auction for $1.8 billion of 90-day US Treasury Bills. What is the market-clearing
Please answer! Will rate! Thank you!
The US Treasury is conducting an auction for $1.8 billion of 90-day US Treasury Bills. What is the market-clearing price based on the following competitive bids? Price Firm Lubar & Co Amount ($ in millions) $700 $500 $0.9932 Bolton Trading $0.9941 Lehman Brothers $600 Goldman Sachs $300 $0.9937 $0.9930 $0.9936 Spellman and Fisher $450 D Question 4 2 pts Using the information from the prior problem, please calculate the winning price assuming there is also a non-competitive bid of $1 billion. Question 5 2 pts What is the discount rate implied by the price in the scenario with the competitive bidder? The US Treasury is conducting an auction for $1.8 billion of 90-day US Treasury Bills. What is the market-clearing price based on the following competitive bids? Price Firm Lubar & Co Amount ($ in millions) $700 $500 $0.9932 Bolton Trading $0.9941 Lehman Brothers $600 Goldman Sachs $300 $0.9937 $0.9930 $0.9936 Spellman and Fisher $450 D Question 4 2 pts Using the information from the prior problem, please calculate the winning price assuming there is also a non-competitive bid of $1 billion. Question 5 2 pts What is the discount rate implied by the price in the scenario with the competitive bidder
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