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March 11, 2010

Washington Federal warrants sell for $15M

WASHINGTON (AP) — The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal Inc. as part of the support it provided from the government's $700 billion bailout program.

The Treasury said Wednesday that it sold 1.71 million warrants in an auction that took place the previous day. Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price.


 
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