It is July 30, 2020. The cheapest to deliver bond in September 2020 US Treasury bond futures is a 13% coupon bond, and delivery is expected to be made on September 30, 2020. Coupon payments on the bond are made on February 4 and August 4 each year. The term structure is flat and the continuously compounded rate of interest is 12% per annum. The conversion factor is 1.5 and the current quoted bond price is 110. The number of days between relevant dates are:

From	To	No. of Days
4/2/2020	30/7/2020	177
30/7/2020	4/8/2020	55
4/8/2020	30/9/2020	57
30/9/2020	4/2/2021	127

Calculate the quoted futures price for the contract.