The Open Interest on Silver Futures at a Particular Time

question 11

Multiple Choice

The open interest on silver futures at a particular time is the

• A)number of silver futures contracts traded during the day.
• B)number of outstanding silver futures contracts for delivery within the next month.
• C)number of silver futures contracts traded the previous day.
• D)number of all long or short silver futures contracts outstanding.
• E)none of the above.

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Definitions:

Book Value Per Share

A financial measure that divides a company's net asset value less any intangible assets and liabilities by the number of outstanding shares.

Par Value

The face value of a security as stated by the issuing company, which may or may not reflect its market value.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities.

Book Value Per Share

The equity available to common shareholders divided by the number of outstanding shares.