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The theoretical futures price of a Treasury bond futures contract calculated using the formula: Future value of the spot price of bond A on

The theoretical futures price of a Treasury bond futures contract calculated using the formula:\ \ "Future value of the spot price of bond A on the first delivery date - Future value of all coupons paid on bond A on the first delivery date"\ \ is $101-12.\ \ The actual futures price is $99-15.\ \ The eligible deliverable bonds consist of bonds A, B, C, D, E, F, G, H, I, J, K, L, M, N.\ \ Which of the following is correct?\ \ \ a.\ A riskless arbitrage can be conducted by selling the futures contract and buying bond A\ \ \ b.\ It is not possible to conduct a riskless arbitrage in this situation\ \ \ c.\ A riskless arbitrage can be conducted by buying the futures contract and short-selling bond A

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