What is the absolute price difference on a $100,000,5-year Treasury note futures contract between the high and low prices? Treasury note,$100,000,pts and one-quarter of 1/32 of a point

A) $428.13
B) $512.08
C) $625.33
D) $787.50
E) $811.33

Question

What is the absolute price difference on a $100,000,5-year Treasury note futures contract between the high and low prices? Treasury note,$100,000,pts and one-quarter of 1/32 of a point

A) $428.13 
B) $512.08 
C) $625.33 
D) $787.50 
E) $811.33

Quizplus · Accepted Answer

Difference = $100,000 × (112% + (11.7 / 32)% - 111% - (18.5 / 32)%) = $787.50

What Is the Absolute Price Difference on a $100,000,5-Year Treasury