Question 1. In a Bank of Canada auction of $2.1 billion par value 91-day T-bills,...
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Question 1. In a Bank of Canada auction of $2.1 billion par value 91-day T-bills, the following bids were submitted. If only the Bank of Canada has received these competitive bids: Bidder Bid Amount Price 1 $500mn $0.9940 2 $600mn $0.9901 3 $1.5bn $0.9925 4 Sibn $0.9936 5 $600m $0.9939 A. Who will receive T-Bills? (i.e. what bidder)? B. At what price auction will be filled? C. If the Bank of Canada also decided to sell $800m in non-competitive bids then at what price this will be filled
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