Suppose that the Treasury bond futures price is 101 - 12. Which of the following four bonds

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Suppose that the Treasury bond futures price is 101 - 12. Which of the following four bonds is cheapest to deliver? L-856 Bond Price Conversion factor 1 125-05 1.2131 142-15 1.3792 3 115-31 1.1149 4 144-02 1.4026

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