The demand curve and supply curve for one year discount bonds with a face value of $1,050 are represented by the following equations Price = -0.6Quantity 1,140 * Price Quantity +680 Suppose that, as a result of monetary policy actions, the Federal Reserve sels 60 bonds that it holds. Assume that bond demand and money demand are held constant. Which of the following statements is true? DA the Fed decreases the supply of bonds in the market by 60, at any given price, the bond supply equation wit become Price Quantity* 720. Wthe Fed increases the supply of bonds in the market by 60, at any given price, the bond supply equation will become Price Quantity 620. OC. Ythe Fed increases the supply of bonds in the market by 60, at wygven price, the bond supply equation will become Price Quantity 740, OD, the Fed decremes the supply of bonds in the market by 60, at any given prion, the bond supply equation will become Price Quantity* 780 Calculate the effect on the equilibrium interest rate in this market is a result of the Federal Reserve action The expected interest rate on a one year discount bond will 10 Round your intermediate calculations to the nearest whole number Round your final answer to two decimal places)