yield beta and conversion factor

CFA Level III Derivatives
#1

When do we ignore the figures while calculating number of contracts. I saw a question that didn’t use yield beta even though CF was used. The question gave duration of Future contract

#2

Yield on bond = Beta * (Yield on CTD). If it’s not given, assume it’s 1.

#3

This is a future contract on treasury bond

#4

The cirriculumn has the formular of hedge ration using yield beta. Technically, you can use the yield beta to calculate the number of future contract.

#5

Are there any other multiplicative figures that need incorporated aside from CF/yield beta (if applicable)? I feel like I saw something else in an old mock but wanted to get here before pouring over 8 years worth of old tests.

thanks

#6

Hedge ratio: (DD_P/DD_CTD) * conversion factor for the CTD * yield beta