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Just want to confirm - Gross Basis for Bond A, deliverable into a Future:

Gross Basis [A] = Clean Price [A] - Futures Price x CF [A]

where CF [A] = Conversion factor of Bond A.

Is this due to: Gross Basis [A] = Dirty Price [A] - Invoice Price [A]

Where: Dirty Price [A] = Clean Price [A] + Acc Int [from last coupon to now]

Invoice Price [A] = Future Price [A] x CF [A] + Acc Int [from last coupon to now]

simplifying =>

Gross Basis [A] = Clean Price [A] - Futures Price x CF [A]

Thanks

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