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    Analysis of Investments
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    Exam 21: Forward and Futures Contracts
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    The Bond That Maximizes the Difference Between the Invoice Price
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The Bond That Maximizes the Difference Between the Invoice Price

Question 40

Question 40

Multiple Choice

The bond that maximizes the difference between the invoice price and the delivery price is referred to as the


A) Cheapest-to-deliver.
B) Conversion bond.
C) Delivery bond.
D) Cheapest to substitute.
E) Cost-of-carry.

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