Calculate amount of money that treasury actually collect

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Reference no: EM132202337

Question - Based on the following information, please answer the question.

Treasury seeks to raise $20 billion in ten-year notes in May 2016. In aggregate the bids are as follows:

$3 billion at 2.50%

$5 billion at 2.40%

$7 billion at 2.30%

$9 billion at 2.20%

$6 billion at 2.10%

$3 billion at 2.00%

Please show how to calculate the amount of money that Treasury could actually collect on the settlement date (ignore any fee).

Reference no: EM132202337

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