What is the closing value on this day for one March futures contract on silver?
Silver - 6,000 troy oz.:
U.S.dollars and cents per troy oz.
A)$47,650
B)$57,600
C)$61,140
D)$61,524
E)$61,620

Name: What is the closing value on this day for one March futures contract on silver? Silver - 6,000 troy oz.: U.S.dollars and cents per troy oz. A)$47,650 B)$57,600 C)$61,140 D)$61,524 E)$61,620
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Question

What is the closing value on this day for one March futures contract on silver?
Silver - 6,000 troy oz.:
U.S.dollars and cents per troy oz. 
A)$47,650 
B)$57,600 
C)$61,140 
D)$61,524 
E)$61,620

Quizplus · Accepted Answer

Closing value = $10.254 × 6,000 = $61,524

What Is the Closing Value on This Day for One