Question: please answer 3. The current Fed Funds target range is 1.5%/year - 1.75%/year. At what price would the Federal Reserve Bank of New York' agree

please answer 3. The current Fed Funds target range is 1.5%/year

please answer

3. The current Fed Funds target range is 1.5%/year - 1.75%/year. At what price would the Federal Reserve Bank of New York' agree to repurchase USD 50 million worth of bonds in an overnight (i.e., one day) repo trade so that the overnight repo rate is 1.6%/ year

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