What is the difference between this day's high and closing prices for one 10-year Treasury note futures contract?
Treasury note,$100,000,pts and one-half of 1/32 of a point
A)-$435.00
B)-$550.00
C)-$800.00
D)-$971.88
E)-$1,093.75

Question

What is the difference between this day's high and closing prices for one 10-year Treasury note futures contract?
Treasury note,$100,000,pts and one-half of 1/32 of a point 
A)-$435.00 
B)-$550.00 
C)-$800.00 
D)-$971.88 
E)-$1,093.75

Quizplus · Accepted Answer

Difference = $100,000 × (116% + (6.5/32)% - 115% - (3.5/32)%) = $1,093.75

What Is the Difference Between This Day's High and Closing