The Federal Reserve is offering Treasury bills with a par value of $18 billion for sale. They have received $7 billion of noncompetitive bids. The competitive bids for a $10,000 par value bond are: 
What price will Bidder A pay per bond, assuming that bid is accepted?
A) $9,600
B) $9,650
C) $9,675
D) $9,700
E) $9,750
Correct Answer:
Verified
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