bpdulog

OK, just to make it clear: 2 different wordings - first one like in the original text:

"the futures contract it would use is priced at €130,000 and has a duration of 9.35. Assume that the conversion factor for the futures contract is 1.06"

"the cheapest to deliver bond to the futures contract it would use is priced at €130,000 and has a duration of 9.35. Assume that the conversion factor for the futures contract is 1.06"

first one i wouldn't use the conversion factor in my calculation, while in the second one i would........but CFAI also does in first wording.