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The following 3 bonds are deliverable in a Treasury Bond futures contract, with their conversion factors and their prices. If the futures price is $100.58,

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The following 3 bonds are deliverable in a Treasury Bond futures contract, with their conversion factors and their prices. If the futures price is $100.58, which bond is the cheapest to deliver? Bond Conv. Factor Price 1 0.9715 98.75 2 0.9895 100.27 3 1.0202 103.63

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