Question: A 100 par value treasury note maturing in 15 years pays a 7% coupon and is priced at 130. The 15 year treasury note futures

A 100 par value treasury note maturing in 15 years pays a 7% coupon and is priced at 130. The 15 year treasury note futures contract is priced at 129 and settles in 1 month. An investor borrows money for 1 month at 1% annual interest to purchase one treasury note, while short selling the futures contract. What is the theoretical futures price? Group of answer choices

a)$.52

b)$130.65

c)$129.35

d)$128.36

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