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

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Definitions:

Payable

Amounts owed by a company to its creditors or suppliers that are due to be paid within the near future.

Inventory On Credit

A business practice where goods are acquired without immediate payment, with the understanding that payment will be made at a later date.

Receivables Balance

The total amount of money owed to a company for goods or services delivered or used but not yet paid for by customers.

Average Daily Sales

The average sales generated per day over a specific period, useful for analyzing business performance.