The Federal Reserve Is Offering Treasury Bills with a Par

The Federal Reserve is offering Treasury bills with a par value of $30 billion for sale. They have received $11 billion of noncompetitive bids. The competitive bids for a $10,000 par value bond are: How much money will the Federal Reserve raise from this offering?

A) $29.55 billion
B) $29.40 billion
C) $29.10 billion
D) $29.33 billion
E) $29.25 billion