Assignment:
With respect to Treasury bond futures contract:
a. What is the role of the conversion factors?
b. What is the significance of the cheapest-to-deliver issue for a Treasury bond futures contract?
c. How is the cheapest-to-deliver issue determined?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.