Money will the federal reserve raise from this offering

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Reference no: EM131606465

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)

Bidder Price BidQty Bid $9,900 $9,850 $9,800 $9,750 $1.00 $5.00 $4.00 $9.00

How much money will the Federal Reserve raise from this offering?

Reference no: EM131606465

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