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Hi David, thank for your feedback, however what I meant is that I came across certain exercises of calculating a bond forward or futures price (not a Tbond) similar to the one below however they do not subtract the AI from the cash price to reach the QFP. I understand that the example is not...

Hi David, I'm totally familiar with calculation of theoretical T-bond futures price, however since we deduct the accrued interest (AI) from the cash futures price to reach to the quoted T-bond futures price, why in this case we don't use the same approach (i.e. deduct the AI) to calculate a...

Hi David, In one of the FRM study materials, I came across a statement reflecting that "an asset-or-nothing call pays the value of the stock when the contract is initiated if the stock price ends up above the strike price at expiration", which I believe is not accurate since it would mean that...