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Cash price of the bond is 116.978. The next coupon of $6 will be paid in 122 days (0.3342 years). The term structure is flat,

Cash price of the bond is 116.978. The next coupon of $6 will be paid in 122 days (0.3342 years). The term structure is flat, and the interest rate is 10%. Using the parity equation for T-bond futures, find the cash futures price for delivery in 250 days (0.6849 years). Round to the nearest integer.

110

115

120

125

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