NEW YORK — Goldman Sachs Group Inc. said Wednesday it has repurchased warrants given to the U.S. Treasury under the Troubled Asset Relief Program for $1.1 billion.

The investment bank said it believes the value of the warrants, as determined by the Treasury, was fair.

As part of the Treasury’s $10 billion preferred stock investment in the bank last fall, the government received warrants that would have enabled it to buy Goldman shares at a set price in 10 years.

— From wire reports