The Federal Reserve Is Offering Treasury Bills with a Par

The Federal Reserve is offering Treasury bills with a par value of $50 billion for sale.They have received $22 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) $49.05 billion
B) $49.10 billion
C) $49.20 billion
D) $49.30 billion
E) $49.50 billion