Suppose that the Treasury bond futures price is 101-12. Which of the following four bonds is cheapest
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Suppose that the Treasury bond futures price is 101-12. Which of the following four bonds is cheapest to deliver?
Bond Price Conversion factor 1
2 3
4 125-05 142-15 115-31 144-02 1.2131 1.3792 1.1149 1.4026
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