What is the price difference on a $100,000,10-year Treasury note futures contract between the highest and lowest prices at which the bond traded on this day? Treasury note,$100,000,pts and one-half of 1/32 of a point

A) $106.50
B) $1,065.00
C) $1,203.13
D) $10,650.00
E) $12,031.30

Question

What is the price difference on a $100,000,10-year Treasury note futures contract between the highest and lowest prices at which the bond traded on this day? Treasury note,$100,000,pts and one-half of 1/32 of a point

A) $106.50 
B) $1,065.00 
C) $1,203.13 
D) $10,650.00 
E) $12,031.30

Quizplus · Accepted Answer

Price difference = $100,000 × (116% + (6.5 / 32)% - 115%) = $1,203.13

What Is the Price Difference on a $100,000,10-Year Treasury Note