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A seller of a T-bond futures contract will deliver a bond that is _______. cheapest to deliver most expensive to deliver has the shortest maturity
A seller of a T-bond futures contract will deliver a bond that is _______.
| cheapest to deliver |
| most expensive to deliver |
| has the shortest maturity among eligible bonds |
| has the longest maturity among eligible bonds |
| has the highest coupon rate among eligible bonds |
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
