A government bond futures contract allows for the delivery of multiple bonds and has 90 days ( 3 months) until expiration. Suppose the underlying government bond has a quoted (flat) price of $107.74 and a conversion factor of 0.8689. The bond has an annual coupon rate of 4% (coupons paid semiannually) and 45 days have elapsed since the last coupon payment, making the current accrued interest is $0.50. At contract expiration, the accrued interest on the bond will be $1.50. The appropriate annually compounded risk-free rate is 1%. What is the no-arbitrage quoted futures price for the 3 -month contract? (3 points) A government bond futures contract allows for the delivery of multiple bonds and has 90 days ( 3 months) until expiration. Suppose the underlying government bond has a quoted (flat) price of $107.74 and a conversion factor of 0.8689. The bond has an annual coupon rate of 4% (coupons paid semiannually) and 45 days have elapsed since the last coupon payment, making the current accrued interest is $0.50. At contract expiration, the accrued interest on the bond will be $1.50. The appropriate annually compounded risk-free rate is 1%. What is the no-arbitrage quoted futures price for the 3 -month contract? (3 points)