What dollar amount of competitive bids treasury will accept

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Question: 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 dollar amount in millions of the competitive bids the treasury will accept?

Reference no: EM131795309

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What dollar amount of competitive bids treasury will accept : During a Treasury Bill auction, the Treasury Department needs to sell $900 Million in new T-Bills with a maturity of 90 days.

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What price will the non-competitive bidders pay : During a Treasury Bill auction, the Treasury Department needs to sell $900 Million in new T-Bills with a maturity of 90 days.

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