Question: The U . S . Treasury is auctioning $ 1 0 billion in 1 3 - week Treasury bills. The following bids were submitted: Bidder

The U.S. Treasury is auctioning $10 billion in 13-week Treasury bills. The following bids were submitted:
Bidder
Bid Amount ($ billion)
Yield Requested (%)
A
3
4.5
B
4
4.55
C
2
4.6
D
3
4.65
E
2
(Non-Competitive)
What is the stop-out yield? You need to describe how you get the stop-out yield. (Note: Each non-competitive bid is limited to $10M, but the total amount from various bidders could exceed $10m)

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