The Book of Teil Book, Is the Conversion Factor Book, and It Makes a Difference

The chicago board trade only have two factors, crepon a maturity and yield level. The bond book gives you the conversion factor for every single possible scnario of every maturity and every coupon. And that number would then, you know, adjust the price you would get. This is why i recommended the book of teil book, is that duration, the measure of risk in a bond, requires three imputs: coup on, maturity and yield levels.