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The Futures Contract on Silver Is Based on 5,000 Troy

question 44

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The futures contract on silver is based on 5,000 troy ounces and is priced in dollars and cents per troy ounce. Assume today's report reflects these prices for the June contract: Open 19.435, High 19.450, Low 19.025, Settle 19.119, and Chg .369. What is the price per troy ounce that will be used for today's marking-to-market for this contract?

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Distinguish between mechanistic and organic structures and their impact on innovation.
Identify the role of gatekeepers and boundary spanners in innovation.
Understand the concept of managerial innovations and their examples.

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