@Nicole Seaman
Thank you for your reply. I do find that thread, but that does not answer my question here.
I am assuming you're saying the "smallest QBP - QFP × CF" is the correct way to determine the CTD bond,
so I guess we should ignore all the official explanation from the handbook (which...
Hi all, I've tried searching the forum for the answer, but of no avail.
So, regarding questions about determining "cheapest-to-deliver" bonds ..
I am quite confused by the solutions provided above (taken from Handbook), which they compared the ratio of Quoted Bond Price to Conversion...
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