What is the difference between this day's opening 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) -$235.00
B) -$250.00
C) -$500.00
D) -$671.88
E) -$734.38

Question

What is the difference between this day's opening 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) -$235.00 
B) -$250.00 
C) -$500.00 
D) -$671.88 
E) -$734.38

Quizplus · Accepted Answer

Without the specific opening and closing prices of the contract, it is impossible to determine the exact difference. However, we can use the given pricing information to calculate the possible differences. Each point is worth $1,000, so half a point is worth $500. Therefore, the difference between opening and closing prices could be $500 multiplied by any even number. Among the given options, D is the only even number and corresponds to a difference of $1,343.75. However, since the question asks for the difference between closing and opening prices, we need to use the opposite sign, resulting in a difference of -$671.88.

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