Earlier this month, Nick Wilde's friend Flash was short 10 March T-bond futures contracts. Flash delivered...
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Earlier this month, Nick Wilde's friend Flash was short 10 March T-bond futures contracts. Flash delivered the 10 contracts on Thursday, March 9. Use the information provided below to compute the cash received by Flash on the delivery day. March T-bond Futures Settlement Prices: Friday, March 3 108-2 Monday, March 6 108-21 Tuesday, March 7 109-3 Wednesday, March 8 109-10 Thursday, March 9 109-12 Available T-bonds to Deliver: Price Conversion Bond Coupon (%) Quote Maturity Factor (CF) 1 6.00 106-12 Nov. 15, 2033 1.0000 2 5.00 104-5 Nov. 15, 2033 0.9102 3 4.50 102-20 Nov. 15, 2035 0.8963 4 6.75 107-10 Nov. 15, 2036 1.0532 Day Counts: Time Period Nov. 15, 2016 to Mar. 3, 2017 Nov. 15, 2016 to Mar. 6, 2017 Number of Days 108 111 Nov. 15, 2016 to Mar. 7. 2017 112 Nov. 15, 2016 to Mar. 8, 2017 113 Nov. 15, 2016 to Mar. 9, 2017 Nov. 15, 2016 to May 15, 2017 114 181 Earlier this month, Nick Wilde's friend Flash was short 10 March T-bond futures contracts. Flash delivered the 10 contracts on Thursday, March 9. Use the information provided below to compute the cash received by Flash on the delivery day. March T-bond Futures Settlement Prices: Friday, March 3 108-2 Monday, March 6 108-21 Tuesday, March 7 109-3 Wednesday, March 8 109-10 Thursday, March 9 109-12 Available T-bonds to Deliver: Price Conversion Bond Coupon (%) Quote Maturity Factor (CF) 1 6.00 106-12 Nov. 15, 2033 1.0000 2 5.00 104-5 Nov. 15, 2033 0.9102 3 4.50 102-20 Nov. 15, 2035 0.8963 4 6.75 107-10 Nov. 15, 2036 1.0532 Day Counts: Time Period Nov. 15, 2016 to Mar. 3, 2017 Nov. 15, 2016 to Mar. 6, 2017 Number of Days 108 111 Nov. 15, 2016 to Mar. 7. 2017 112 Nov. 15, 2016 to Mar. 8, 2017 113 Nov. 15, 2016 to Mar. 9, 2017 Nov. 15, 2016 to May 15, 2017 114 181
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