What would the buyer have to pay the seller

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If a 16-year 12 percent semi-annual $100,000 T-bond, currently yielding 10 percent, is used to deliver against a 20-year, 8 percent T-bond at 114-16/32, what is the conversion factor? What would the buyer have to pay the seller? Show all your work and discuss.

Reference no: EM131617183

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