Question: The U . S . Treasury is auctioning $ 1 0 billion in 1 3 - week Treasury bills. The following bids were submitted: Bidder
The US Treasury is auctioning $ billion in week Treasury bills. The following bids were submitted:
Bidder
Bid Amount $ billion
Yield Requested
A
B
C
D
E
NonCompetitive
What is the stopout yield? You need to describe how you get the stopout yield. Note: Each noncompetitive bid is limited to $M but the total amount from various bidders could exceed $m
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