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-The Bank of Canada is offering Treasury bills with a par value of $15 billion for sale. They have received $6 billion of non-competitive bids. The competitive bids for a $10,000 par value bonds are: A offers $9,600 for $3 billion, B with $9,500 for $5 billion, C bids $9,450 for $7 billion and D pays $9,400 for $6 billion. What price will Bidder A actually pay assuming that bid is accepted?
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