Question: The conversion factor for a particular Treasury security that is acceptable for delivery in a Treasury bond futures contract is 0.925. The futures contract settles
| The conversion factor for a particular Treasury security that is acceptable for delivery in a Treasury bond futures contract is 0.925. The futures contract settles at 110. The accrued interest on the Treasury security is 1 per $100 par amount. |
What is the contract size of the futures contract?
AND What is the invoice price if the seller delivers this security at the settlement date?
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