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
Correct Answer:
Verified
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