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

question 105

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.
$\begin{array}{ccccc}\text { Contract } & \text { Open } & \text { High } & \text { Low } & \text { Close } \\\text { Jun, } 10 \mathrm{Yr} . \text { Treasury note } & 119^{\prime 25} & 119^{\prime} 07 & 117^{\prime} 80 & 118^{\prime} 08\end{array}$

• A)$835.50
• B)$968.75
• C)$1,000.00
• D)$1,171.88
• E)$1,220.75

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Definitions:

Residuary

Relating to the remainder of an estate after debts, specific bequests, and expenses have been accounted for.

Intestacy Laws

Legal provisions that dictate the distribution of a deceased person's estate in the absence of a will.

Per Stirpes

is a legal term used in wills and estate planning that describes how assets are divided among heirs, according to branches of the family.

Intestacy Laws

The body of law that governs the distribution of a deceased person's estate when they die without a valid will.