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. $$\begin{array} { | l | l | l | l | l | l | }
\hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } \
\hline \text { Dec } & 10.185 & 10.225 & 9.530 & 10.220 & - 0.605 \
\hline \text { Mar } & 10.190 & 10.270 & 9.600 & 10.254 & - 0.564 \
\hline
\end{array}$$
A)$47,650
B)$57,600
C)$61,140
D)$61,524
E)$61,620

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. $$\begin{array} { | l | l | l | l | l | l | } 
\hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } \
\hline \text { Dec } & 10.185 & 10.225 & 9.530 & 10.220 & - 0.605 \
\hline \text { Mar } & 10.190 & 10.270 & 9.600 & 10.254 & - 0.564 \
\hline
\end{array}$$
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