Assume the U.S. Treasury issued $200 million of 6-month Treasury Bills using the "Dutch" auction system. As shown in table 1. The U.S. Treasury received 1 non-competitive bid and 4 competitive bids. Assume each bid represents a bid from one individual or one organization.
Bidder 1: $40 Million at 1.40%
Bidder 2. $60 Million at 1.35%
Bidder 3: $50 Million at 1.45%
Bidder 4: $70 million at 1.42%
Bidder 5: $5 Million non-competitive bid.
Fill in the amounts that each bidder received of the $200 million Treasury Bill issue. Use the $xx format.
a. Bidder 1 _______million
b. Bidder 2 _______million
c. Bidder 3 _______million
d. Bidder 4 _______million
e. Bidder 5 _______million