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Auctions With Resale Markets: A Model of Treasury Bill Auctions (Classic Reprint) - Hardcover

Bikhchandani, Sushil

 
9780365459170: Auctions With Resale Markets: A Model of Treasury Bill Auctions (Classic Reprint)

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Excerpt from Auctions With Resale Markets: A Model of Treasury Bill Auctions

The Treasury bills are then delivered to the winning bidders and can be resold at an active secondary market.

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