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Salomon and the Treasury Securities Auction Questions to Address in Memorandum for Case“Salomon and the Treasury Securities Auction”Group 7: Yucheng Jiang (yucheng7), Hefei Wang (hefeiw2), Yali Zhang (yaliz3) 1. Why does the U.S. Treasury auction its securities rather than issue them using the underwriting process that corporations or municipal governments employ when issuing bonds? Hint: think.