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What Is the Amount of the Difference Between the Highest

question 62

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What is the amount of the difference between the highest and the lowest value of a November heating oil contract on this day?
 Contact  Open High Low Close Nov, Heating oil, 42,000 gal, $ 3.67033.74893.66523.7342 and cents/galNov, Crude oil, 1,000 bbls, $ and 122.71124.50122.70124.40 cents/bbl\begin{array}{llll}\text { Contact } & \text { Open } & \text {High} & \text { Low}& \text { Close}\\\text { Nov, Heating oil, 42,000 gal, \$ }&3.6703& 3.7489 &3.6652& 3.7342& \\\text { and cents/gal}\\\text {Nov, Crude oil, 1,000 bbls, \$ and }&\text {122.71} &124.50 &122.70 &124.40 \\\text { cents/bbl}\end{array}

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Definitions:

Net Present Value

A valuation method used to estimate the attractiveness of an investment, by calculating the present value of expected future cash flows minus the initial investment cost.

Cash Flow

The overall volume of cash and cash-equivalents that are exchanged in and out of a business entity.

Timing

The selection of an optimal time or period for making an investment, launching a product, or executing a decision to maximize benefits or outcomes.

Capital Budgeting

The process of planning and evaluating investments in long-term assets, analyzing their expected cash flows and their impact on the company's financial future.

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