The answer is not $497,550.00. Please help!

.com \\ , l = Not Secure ezto.mheducati T-Bill Auction Problem 1 In a Treasury auction for $25 billion in 28-day T-bills, the following bids were submitted by registered primary dealers: Bidder Amount = Price Bid gin $ billions) (per $1 of face value) Noncompetitive 2.0 - 1 8.0 0.9946 2 6.9 0.9972 3 6.1 0.9951 4 8.5 0.9963 5 5.2 0.9947 6 3.0 0.9917 Suppose GoldenRam & Co. is one ofthe winning bidders from the auction results. GoldenRam immediately makes the T-bills they purchased available on the secondary market, As soon as they do this, you decide to purchase enough of these T-bills from them to get payments of face value worth $500,000 at maturity in 4 weeks. How much did GoldenRam pay, in total, for the $500,000 in face value T