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The futures price for the June 17, 2009 CBOT bond futures contract is 118- 23 Assuming the cheapest-to-deliver bond is actually delivered, what is the

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The futures price for the June 17, 2009 CBOT bond futures contract is 118- 23 Assuming the cheapest-to-deliver bond is actually delivered, what is the cash price received for the bond? (a) 139.95 (b) 141.52 O (c) 157.79 (d) None of the above

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