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Suppose that the Treasury bond futures price is 101-12. Which of the following four bonds is cheapest to deliver? Please answer with just a number

Suppose that the Treasury bond futures price is 101-12. Which of the following four bonds is cheapest to deliver? Please answer with just a number (1, 2, 3, or 4) Bond Price Conversion Factor 1 127-05 1.2131 2 132-15 1.2992 3 118-31 1.1149 4 148-02 1.4026

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