Suppose that when TMCC offered the security for 24,099, the U.S. Treasury had offered an essent

Question

Suppose that when TMCC offered the security for  24,099, the U.S. Treasury had offered an essent

Accepted Answer

1. TMCC offered the security for $24,099.
2. The U.S. Treasury offered an essentially identical

Suppose that when TMCC offered the security for $$\$ 24,099$$, the U.S. Treasury had offered an essentially identical security. Do you think it would have had a higher or lower price? Why?