Question 28 4 pts Using the information from the prior problem (copied below), what would be the clearing price if there was also a non- competitive bid from the Kidder Peabody Investment Banking operation for $400? The following bids have been submitted for the week's US Treasury 90 day T-Bill auction. The UST wants to sell $1,900 of T-Bills. What is the clearing price for the auction? Amount Bidder Name Price $400 Lehman $0.9979 $250 Merrill $0.9984 EF Hutton $725 $550 $0.9799 $0.9975 DLJ $450 Smith Barney $0.9862 $300 Baird $0.9893 $375 Drexel $0.9989 Question 29 3 pts If the US Treasury auctions $1,900 million in 90 T-Bills and has a market-clearing price of $0.9979, what is the discount rate? Please express as a percentage with 2 decimals Question 28 4 pts Using the information from the prior problem (copied below), what would be the clearing price if there was also a non- competitive bid from the Kidder Peabody Investment Banking operation for $400? The following bids have been submitted for the week's US Treasury 90 day T-Bill auction. The UST wants to sell $1,900 of T-Bills. What is the clearing price for the auction? Amount Bidder Name Price $400 Lehman $0.9979 $250 Merrill $0.9984 EF Hutton $725 $550 $0.9799 $0.9975 DLJ $450 Smith Barney $0.9862 $300 Baird $0.9893 $375 Drexel $0.9989 Question 29 3 pts If the US Treasury auctions $1,900 million in 90 T-Bills and has a market-clearing price of $0.9979, what is the discount rate? Please express as a percentage with 2 decimals