Given the following information, what is the price per troy ounce that will be used for today's marking-to-market for the September silver contract?
Silver - 5,000 troy oz.; $ per troy oz.

Question

Quizplus · Accepted Answer

To determine the price per troy ounce, we need to look at the given price, which is displayed as $ per troy oz. The price given is $52,555.00 (since 5,000 troy oz. multiplied by the price per troy oz.). To calculate the price per troy oz., we divide the total price by the number of troy ounces:

$52,555.00 ÷ 5,000 troy oz. = $10.511 per troy oz.

Therefore, the answer is D, $10.511.

Given the Following Information, What Is the Price Per Troy