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Question
The Federal Reserve is offering Treasury bills with a par value of $10 billion for sale. They have received $3 billion of noncompetitive bids. The competitive bids for a $10,000 par value bond are: (Qty in billions)
How much money will the Federal Reserve raise from this offering?
A. $9.92 billion
B. $9.88 billion
C. $9.85 billion
D. $9.84 billion
E. $9.80 billion
Answer
This answer is hidden. It contains 138 characters.
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