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?
A)1.158;$132,591.
B)1.156;$115,600.
C)1.150;$131,284.
D)1.102;$124,200.

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The Answer of 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?
A)1.158;$132,591.
B)1.156;$115,600.
C)1.150;$131,284.
D)1.102;$124,200.

If a 16-Year 12 Percent Semi-Annual $100,000 T-Bond,currently Yielding 10