Question: The conversion factor on a deliverable bond is 1.03 and the bond price is 100.50. The observed futures price is 97.5 and the YTM is

The conversion factor on a deliverable bond is 1.03 and the bond price is 100.50. The observed futures price is 97.5 and the YTM is 5.8%. What is invoice less market price on the security? A) +0.08 B) -0.08 C) -0.02 D) +0.02

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