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

question 46

Multiple Choice

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.
$\begin{array}{ccccc}\text { Contract } & \text { High } & \text { Low } & \text { Close } \\\text { Jun, } 10 \mathrm{Yr} . \text { Treasury note } & 110^{\prime }25 & 112^{\prime} 05 & 109^{\prime} 80 & 110^{\prime }30\end{array}$

• A)$835.00
• B)$950.00
• C)$1,000.00
• D)$1,171.88
• E)$1,218.75

---

Definitions:

Variable

An element, feature, or factor that is subject to change, often used in financial analysis, statistics, and scientific research.

Absorption

In accounting, it refers to the process of incorporating all costs of production into the value of a product, including both direct and indirect expenses.

Margin Of Safety Ratio

A financial metric that measures the difference between actual or projected sales and the break-even point.

Margin Of Safety

The difference between actual or expected sales and sales at the break-even point.