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6.24. A Treasury bond futures price is 103-12. The prices of three deliverable bonds are 115-06 135-12, and 155-28. Their convcrsion factors are 1.0679, 1.2264,

6.24. A Treasury bond futures price is 103-12. The prices of three deliverable bonds are 115-06 135-12, and 155-28. Their convcrsion factors are 1.0679, 1.2264, and 1.4169, respectively. Which bond is cheapest to deliver

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