The treasury is auctioning off 400 million in 13-week, Ask an Expert

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The Treasury is auctioning off $400 million in 13-week (92-days) T-bills. The following bids are received:Noncompetitive bids: $60 million

Competitive bids: Ellie Mae Fund $100 million 3.00% bid yield

Jed Clampett Fund $ 30 million 3.15% bid yield

Granny Fund $140 million 3.12% bid yield

Jethro Fund $ 35 million 3.20% bid yield

Drysdale Fund $ 70 million 3.15% bid yield

Hathaway Fund $ 45 million 3.05% bid yield

a. Which funds will have their bids filled and by how much?

b. What is the “stopout rate”?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92298099

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