The US Treasury announces its intent to auction $15 billion par value of 26-week Treasury bills....

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The US Treasury announces its intent to auction $15 billion par value of 26-week Treasury bills....

The US Treasury announces its intent to auction $15 billion par value of 26-week Treasury bills. It
receives $5 billion of non-competitive bids. The competitive bids received are as follows:

Price Per $1 of Par	Par Value
0.9200	$3 billion
0.9170	$4 billion
0.9140	$5 billion
0.9110	$4 billion
0.9100	$3 billion

What is the revenue that the Treasury could have generated (in billions)? Round your answer to 2 decimal points.

If the security auctioned above was Canada Government bond, what would be the revenue of the auction? Round your answer to 2 decimal points.

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Answer 1

Answer #1

thiswer Geren data from the problem -Auctron total a amount = $15 bn $5 bn Bid Ralance amount = 15 - 5 e floor par when the p

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Answer 2

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The US Treasury announces its intent to auction $15 billion par value of 26-week Treasury bills....

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The US Treasury announces its intent to auction $15 billion par value of 26-week Treasury bills....