The Most Recent Settlement Bond Futures Price Is 103

question 10

Multiple Choice

The most recent settlement bond futures price is 103.5.Which of the following four bonds is cheapest to deliver?

• A) Quoted bond price = 110; conversion factor = 1.0400.
• B) Quoted bond price = 160; conversion factor = 1.5200.
• C) Quoted bond price = 131; conversion factor = 1.2500.
• D) Quoted bond price = 143; conversion factor = 1.3500.

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Definitions:

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A departure from a standard, norm, or expectation, indicating a difference or variation from what is usual or expected.

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A graphical display used to compare the quantities or frequencies of different categories or groups using bars.

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