The following information is about an auction on a 90 day T-Bill with face value...
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Accounting
The following information is about an auction on a 90 day T-Bill with face value of $1000. The calling volume is $4 billion, in which $0.5 billion is for non-competitive (N-C) bid. How much is the winning price? *
0.9435
0.9257
0.9520
0.9437
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