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6 MarksNOVEMBER 2023Final

(b) In March, 2022, SMD Bank sold 7% Interest Rate Futures underlying Notional 7.5% Coupon Bonds. The Exchange provides following details of eligible securities that can be delivered : **Security****Quoted Spot Price of Bonds****Conversion Factor** 6.55 GOI 20259264.00.9060 6.80 GOI 20298775.50.9195 6.85 GOI 20269723.00.9643 8.44 GOI 202711463.01.1734 8.85 GOI 202812017.01.2428 Recommend the Cheapest to Deliver (CTD) security that should be delivered by SMD Bank if Future settlement price is 10000.

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