Question: Q6. Based on the following information, please answer the question. Treasury seeks to raise $20 billion in ten-year notes in May 2016. In aggregate the

Q6. Based on the following information, please answer the question. Treasury seeks to raise $20 billion in ten-year notes in May 2016. In aggregate the bids are as follows: $3 billion at 2.50% $5 billion at 2.40% $7 billion at 2.30% $9 billion at 2.20% $6 billion at 2.10% $3 billion at 2.00% Please show how to calculate the amount of money that Treasury could actually collect on the settlement date (ignore any fee)

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