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Basic Question 0 of 8
The conversion factor used in a bond forward contract can be ______.
II. = 1
III. > 1
I. < 1
II. = 1
III. > 1
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Learning Outcome Statements
describe how fixed-income forwards and futures are priced, and calculate and interpret their no-arbitrage value;
CFA® 2025 Level II Curriculum, Volume 5, Module 31.