Calculate its conversion


On January 30, 2012, the Darden Company is considering two T-bonds as potential bonds for delivery against the June 2012 T-bond futures contract. The contract's current price is 102 8/32.

The bond has a coupon rate of 7,25 percent and matures on May 15, 2036. It has a current market price of 105.00.

Calculate its conversion factor.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Calculate its conversion
Reference No:- TGS02852715

Expected delivery within 24 Hours