(Answered) In a treasury auction of 21 billion par value 91-day

Finance

In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted. If only these competitive bids are received, who will receive T-Bill, in what quantity and at what price? If the Treasury also received $800m in non-competitive bids then who will receive T-bills, in what quantity and at what price?

Bidder	Bid Amount	Price
1	$500mn	$0.9940
2	$750mn	$0.9901
3	$1.5bn	$0.9925
4	$1bn	$0.9936
5	$600m	$0.9939

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9945780
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Deyoung entertainment enterprises is considering replacing

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining u ...

How much of the ccc is under the direct control of

How much of the CCC is under the direct control of financial managers? For the portion that is not under direct control of financial managers, what are the complications that result when financial management decides that ...

Question - we bought a stock for 4585 four years ago and we

Question - We bought a stock for $45.85 four years ago and we can sell it for $59.13 today. The stock does not pay dividends. What annual rate of return have we earned?

How could legislation impact on operations within your

How could legislation impact on operations within your organisation in relation to innovation, project management, and operational planning? Briefly outline any relevant requirements (e.g. intellectual property, WHS).

If current market yields in the bond market are above the

If current market yields in the bond market are above the coupon rate of a particular bond-what will happen to the intrinsic value (PV and market price)?

You take out a 25-year 210000 mortgage loan with an apr of

You take out a 25-year $210,000 mortgage loan with an APR of 12% and monthly payments. In 16 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?

Question - super credit corporation has an allowance

Question - Super credit Corporation has an allowance account with a credit balance of $2,000. Prepare the entry to recognize bad debt expense if: (a) Bad debts are estimated at 4% of credit sales of $80,000. (b) Bad debt ...

Joshua borrowed 1200 for one year and paid 60 in interest

Joshua borrowed $1,200 for one year and paid $60 in interest. The bank charged him a service charge of $9. If Joshua repaid the loan in 12 equal monthly payments, what is the APR? (Enter your answer as a percent rounded ...

Please explain the united states has experienced continuous

Please explain, The United States has experienced continuous current account deficits since the early 1980s. What do you think are the main causes for the deficits and what would be the consequences of continuous US curr ...

Georgia a widow has take-home pay of 2000 a week her

Georgia, a widow, has take-home pay of $2,000 a week. Her disability insurance coverage replaces 70 percent of her earnings after a four-week waiting period. What amount would she receive in disability benefits if an ill ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert