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Calculate the cost of delivering each of the following bonds if the current quoted futures price is 94-12. Which is the cheapest to deliver and

Calculate the cost of delivering each of the following bonds if the current quoted futures price is 94-12. Which is the cheapest to deliver and which is the costliest? Show your work. Bond Quoted bond price Conversion factor 1 $108.50 1.1258 2 $98.75 1.0162 3 $114.25 1.1876

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