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

question 17

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.

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

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Definitions:

Natural Monopolist

A single supplier in a market where the costs of production are lowest when just one firm provides the product or service.

Reduce Costs

Measures and practices aimed at decreasing expenses and improving efficiency in processes or operations.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on the costs of production but on what the seller believes each customer can afford or is willing to pay.

Financial Aid

Monetary assistance provided to individuals, typically students, to help cover the cost of education or other expenses.