The annualized yield is 3% for 91-day commercial paper, and 3.5% for 182-day commercial paper. What…


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The annualized yield is 3% for 91-day commercial paper, and 3.5% for 182-day commercial paper. What… 1 answer below » 1. The annualized yield is 3% for 91-day commercial paper, and 3.5% for 182-day commercial paper. What is the expected 91-day commercial paper rate 91 days from now? 2. In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: Bidder Bid Amount Price 1 $500 million $0.99 2 $750 million $0.99 3 $1.5 billion $0.99 4 $1 billion $0.99 5 $600 million $0.99 If only these competitive bids are received, who will receive T-bills, in what quantity, and at View complete question » 1. The annualized yield is 3% for 91-day commercial paper, and 3.5% for 182-day commercial paper. What is the expected 91-day commercial paper rate 91 days from now? 2. In a Treasury auction of $2.1 billion par value 91-day T-bills, the following bids were submitted: Bidder Bid Amount Price 1 $500 million $0.99 2 $750 million $0.99 3 $1.5 billion $0.99 4 $1 billion $0.99 5 $600 million $0.99 If only these competitive bids are received, who will receive T-bills, in what quantity, and at what price? 3. If the Treasury also received $750 million in noncompetitive bids, who will receive T-bills, in what quantity, and at what price? (Refer to the table under problem 11.) View less » Jul 08 2014 12:39 PM

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