On June 25, 2021, the futures price for the June 2021 bond futures contract is 118- 23. What is the conversion factor for a bond maturing on January 1, 2034, paying a coupon of 10.00%, and a yield to maturity of 8%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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On June 25, 2021, the futures price for the June 2021 bond futures contract is 118-
23. What is the conversion factor for a bond maturing on January 1, 2034, paying a
coupon of 10.00%, and a yield to maturity of 8% 

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