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