Take the following as truth: Meanwhile, the New York Public Library's brand new Center for Scholars and Writers unveiled its first class of fellows, each of whom will receive a $50,000 stipend and an office in the venerable library.
Then the following statement: "Each of the fellows of the Center for Scholars and Writers will receive a $50,000 stipend and an office in the New York Public Library." is true, false, or inconclusive?
Answer: True