What price will a noncompetitive bidder pay for a security being purchased through a U.S. Treasury auction?

Name: What price will a noncompetitive bidder pay for a security being purchased through a U.S. Treasury auction?
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Noncompetitive bidders in a U.S. Treasury auction pay the stop-out price, which is the lowest yield (highest price) accepted by the Treasury to fill the auction's quantity. This ensures all noncompetitive bidders receive the same yield/price.

What Price Will a Noncompetitive Bidder Pay for a Security