QUESTION 18 Bidder 1 2 3 14 Bid Amount $400m $250m $500m $386m Bid Price $0.991 $0.992 $0.989 $0.990 The Treasury auctioned $1.2 billion par value 91-day T-bills, receiving the above bids $200m in noncompetitive bids were also submitted What price will the winning bidders pay?

QUESTION 18 Bidder 1 2 3 14 Bid Amount $400m $250m $500m $386m Bid Price $0.991 $0.992 $0.989 $0.990 The Treasury auctioned $1.2 billion par value 91-day T-bills, receiving the above bids $200m in noncompetitive bids were also submitted What price will the winning bidders pay?

Name: P9 Bidder12QUESTION 1834Bid Amount$400m$250m$500m$386mBid Price$0.991$
Uploaded: 2024-03-20T06:50:59.000Z
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Description: P9 Bidder12QUESTION 1834Bid Amount$400m$250m$500m$386mBid Price$0.991$0.992$0.989$0.990The Treasury auctioned $1.2 billion par value 91-day T-bills, receiving the above bids $200m in noncompetitive bids were also submitted.What price will the winning

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter8: Securities Law Considerations When Obtaining Venture Financing

Section: Chapter Questions

Problem 1cM

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The Treasury Department would like to raise $24 billion in 90 day T Bills. The auction results are as follows: Noncompetitive bids = $3.4 billion Competitive Bids: Investor Bid Price Quantity(Face Value) 99.94677% $7.8 billion 99.97567% $5.8 billion 99.95668% $5.2 billion D 99.96997% $3.2 billion E 99.95112% $8.6 billion What is the stop-out price? O 99.97567% O 99.96997% O 99.94677% 99.95668% 99.95112%
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