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Assume you have a treasury note. The contract price is 124 and you can deliver either bond A with a conversion of 0.9 and a

Assume you have a treasury note. The contract price is 124 and you can deliver either bond A with a conversion of 0.9 and a price of 110 or a bond with a conversion of 0.7 and the price is 100. What will be the loss gain of the buyer?

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