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Define and explain the CBT term: Cheapest to deliver. .2 A bond dealer goes to delivery. The last settlement price of the futures is: 101-12.
Define and explain the CBT term: Cheapest to deliver. .2 A bond dealer goes to delivery. The last settlement price of the futures is: 101-12. The short considers three bonds to deliver today; their spot market prices and Conversion Factors are given as follows: Spot price today Conversion factor 1.2131 S0-SZT 142-15 144-02 2 1.3782 1.4026 Determine which of the bonds will be delivered and explain why? Define and explain the CBT term: Cheapest to deliver. 2.2 A bond dealer goes to delivery. The last settlement price of the futures is 101-12. The short considers three bonds to deliver today; their spot market prices and Conversion Factors are given as follows: Bond Spot price today 125-05 Conversion factor 1 2 3 1.2131 142-15 144-02 1.3782 1.4026 Determine which of the bonds will be delivered and explain why
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Personal Finance An Integrated Approach
Authors: Bernard J. Winger
4th Edition
0198520972, 9780132696302
