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:

Competitive Firm

A company that operates in a market where it has to compete with other firms for customers, setting prices based on market demand and supply.

Competitive Firm

A business operating in a market where it has little to no control over the price of its products because of competition from other firms.

Cost Table

A detailed listing of all costs associated with a project or business operation, used for budgeting and financial management purposes.

Break Even

The point at which total revenue equals total costs, making a business neither profitable nor unprofitable at this juncture.