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The most recent settlement price of a bond futures contract is 110.01 . The cheapest-to-deliver bond has a conversion ratio of 1.5 and an accrued

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The most recent settlement price of a bond futures contract is 110.01 . The cheapest-to-deliver bond has a conversion ratio of 1.5 and an accrued interest of $6.32 per $100 in face value. Calculate the price the short position received if the bond is delivered

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