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It is March 1,2019. The futures price for March 2019 bond futures contract is 118-23. Calculate the conversion factor for a bond with 16 years

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It is March 1,2019. The futures price for March 2019 bond futures contract is 118-23. Calculate the conversion factor for a bond with 16 years and 2 months to maturity, paying a coupon of 10% semi-annually (assume the interest rate to be flat at 6% per annum for all the maturities). A. 1.563 B. 2.405 C. 2.003 D. 1.408

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