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FUTURES AND OPTIONS. DETAILED EXPLANATION NEEDED PLEASE. You have a short position on a Treasury bond futures contract. The most recent settlement price is 101-06,

FUTURES AND OPTIONS. DETAILED EXPLANATION NEEDED PLEASE.image text in transcribed

You have a short position on a Treasury bond futures contract. The most recent settlement price is 101-06, and the accrued interest is on the bond you have chosen to deliver is $0.47. The bond you have chosen to deliver is a 9% coupon bond with 19 years, 5 months and 12 days left until maturity. What will you receive at delivery

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