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Suppose that during the delivery month the Treasury bond futures price is 95-16. The most recent settlement prices and conversion factors of Bonds A, B,

Suppose that during the delivery month the Treasury bond futures price is 95-16. The most recent settlement prices and conversion factors of Bonds A, B, and C are given below. The Treasury bond price is quoted in dollars and thirty-seconds of a dollar. The par (or face) value of the bonds is $100. Which bond is cheapest to deliver?

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