Question: 3. The current Fed Funds target range is 3.00%/year - 3.25%/year. At what price would the Federal Reserve Bank of New York agree to repurchase

3. The current Fed Funds target range is 3.00%/year - 3.25%/year.

3. The current Fed Funds target range is 3.00%/year - 3.25%/year. At what price would the Federal Reserve Bank of New York agree to repurchase USD 85 million worth of bonds in an overnight (i.e., one day) repo trade so that the overnight repo rate is 3.20%/ year

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