What is the lowest accepted price for competitive bidders

Assignment Help Financial Management

Reference no: EM131593105

During a Treasury Bill auction, the Treasury Department needs to sell $900 Million in new T-Bills with a maturity of 90 days. From the primary dealers, they have already received non-competitive bids for $350 million.

What is the lowest accepted price for the competitive bidders?

what price will the non-competitive bidders pay?

Bidder Number Dollar Amount Wanted Bid Price

1 $200 million 99.10

2 $250 million 99.56

3 $100 million 99.75

4 $100 million 98.95

5 $50 million 99.81

6 $150 million 99.65

7 $50 million 99.41

8 $100 million 99.34

9 $150 million 98.99

Reference no: EM131593105

Questions Cloud

Capital asset pricing model-expected return on portfolio : According to the capital asset pricing model, what is the expected return on Portfolio Z?

Beta be for the other stock in your portfolio : You own a portfolio equally invested in a risk-free asset and two stocks. what must the beta be for the other stock in your portfolio?

Basis for estimating bad debts expense : Evaluate the following scenarios, assuming both companies use the next credit sales as the basis for estimating bad debts expense:

Liquidity ratio-existing short-term debt obligations : Josh's ratio indicates that he is in relatively inferior position to satisfy his existing short-term debt obligations as they come due.

What is the lowest accepted price for competitive bidders : What is the lowest accepted price for the competitive bidders? what price will the non-competitive bidders pay?

Define the time value : You can deposit ?$5,000 into an account paying 11?% annual interest either today or exactly 10 years from today.

What is the npv if the opportunity cost of capital : Halcyon Lines is considering the purchase of a new bulk carrier for $7.1 million. What is the NPV if the opportunity cost of capital is 11%?

What is the operating cash flow under the best case scenario : What is the operating cash flow under the best case scenario? what is the project’s best case NPV?

How much growth will occur an initial deposit : At the end of 5th. Year, how much growth will occur an initial deposit of $ 50 assuming the following rates, 3%, 4%, 5%.

User Account

All Pages