[Solved] A hedger sold 1 June 2008 T-bond futures

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A hedger sold 1 June 2008 T-bond futures contract at 9215. The hedger chooses to deliver bonds with a 6.5% coupon that mature in 02/15/2026

A hedger sold 1 June 2008 T-bond futures contract at 9215. The hedger chooses to deliver bonds with a 6.5% coupon that mature in 02/15/2026 with a conversion factor equal to 1.0565. If the delivery occurs on 06/15/2008, what is the invoice price?

a. $1,625

b. $95,573

c. $97,198

d. $99,854

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