Question: show your work If you can explane step by step, that will be awesome for me. If the Treasury also received $750 million in noncompetitive

show your work

If you can explane step by step, that will be awesome for me.

show your work If you can explane step by step, that will

If the Treasury also received $750 million in noncompetitive bids, who will receive T-bills, in what quantity, and at what price? (Refer to the table in problem) Problem In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted Bidder Bid Amount (S million) Price ($) 500 2 750 0.9901 1.5 0.9925 4 1 0 9936 600 0.9939 If only these competitive bids are received, who will receive T-bills, in what quantity, and at what price

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