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You are an interest rate derivatives trader and need to hedge the interest rate risk associated with some Treasury bond options you have just sold.

You are an interest rate derivatives trader and need to hedge the interest rate risk associated with some Treasury bond options you have just sold. You determine that you need to purchase $185,777 worth of 30 year Treasury bonds. If these bonds are currently trading at a yield of 4.864%, and have a coupon rate of 5.7%, then how many of these bonds can you purchase with your funds? Assume that each bond has a face value of $1,000. Also assume that you can buy fractional units of these bonds (i.e., you are not required to round your answer to the nearest whole number).

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