The Treasury announces an auction of $100 billion of 90-day T-bills. It receives $65.6 billion of...

 

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The Treasury announces an auction of $100 billion of 90-day T-bills. It receives $65.6 billion of non- competitive bids. The Treasury also receives the competitive bids below in no particular order. How much revenue in billions does the Treasury receive from this auction? Yield Price per $1 of par 4.50% 0.820 4.63% 0.815 4.58% 0.817 4.45% 0.822 4.55% 0.818 4.60% 0.816 35 (If your answer is $4.4 billion then enter 4.4. Precision is 0.1+/-0.01.) Amount bid ($B) 10 5 25 15 10 The Treasury announces an auction of $100 billion of 90-day T-bills. It receives $65.6 billion of non- competitive bids. The Treasury also receives the competitive bids below in no particular order. How much revenue in billions does the Treasury receive from this auction? Yield Price per $1 of par 4.50% 0.820 4.63% 0.815 4.58% 0.817 4.45% 0.822 4.55% 0.818 4.60% 0.816 35 (If your answer is $4.4 billion then enter 4.4. Precision is 0.1+/-0.01.) Amount bid ($B) 10 5 25 15 10

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The total amount of bids is 10 5 25 15 10 35 100 billion The a... View the full answer