What Is the Price Difference on a $100,000,10-Year Treasury Note

question 41

Multiple Choice

What is the price difference on a $100,000,10-year Treasury note futures contract between the highest and lowest prices at which the bond traded on this day? Treasury note,$100,000,pts and one-half of 1/32 of a point

• A) $106.50
• B) $1,065.00
• C) $1,203.13
• D) $10,650.00
• E) $12,031.30

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Definitions:

Old Northwest

A historical term referring to the territory that became the states of Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota; it was an important region for expansion and settlement in early U.S. history.

Slavery

The condition in which individuals are owned by others as property, deprived of personal freedom, and forced to work without pay.

Indian Tribes

Indigenous peoples recognized by the government as having a certain degree of sovereignty and self-government within the United States.

Old Northwest

A historical term referring to the territory northwest of the Ohio River, encompassing present-day states like Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota.