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[Problem 6] The most recent settlement bond futures price is 105-16. Which of the following four bonds is cheapest to deliver? A. Quoted bond price

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[Problem 6] The most recent settlement bond futures price is 105-16. Which of the following four bonds is cheapest to deliver? A. Quoted bond price = 150; conversion factor = 1.4000. B. Quoted bond price = 155; conversion factor = 1.2500. C. Quoted bond price = 172; conversion factor = 1.5200. D. Quoted bond price = 146; conversion factor = 1.3500

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