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Problem 4. (15 points): In a Treasury auction of $2.1 billion par value 91 -day T-bills, the following bids were submitted: \begin{tabular}{|c|l|r|} \hline Bidder & Bid Amount & Price per \\ \hline & & $100 \\ \hline 1 & $500 million & $99.40 \\ \hline 2 & $750million & $99.01 \\ \hline 3 & $1.5 billion & $99.25 \\ \hline 4 & $1 billion & $99.36 \\ \hline 5 & $600 million & $99.39 \\ \hline \end{tabular} If only these competitive bids are recelved, who will recelve T-bills, in what quantity, and at what price? Solution: Who will recelve T-bills Bidder \# Bidder \# Bidder # in what quantity at what price