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.
$\begin{array}{ccccc}
\text { Contract } & \text { High } & \text { Low } & \text { Close } \
\text { Jun, } 10 \mathrm{Yr} . \text { Treasury note } & 110^{\prime }25 & 112^{\prime} 05 & 109^{\prime} 80 & 110^{\prime }30
\end{array}$

A)$835.00
B)$950.00
C)$1,000.00
D)$1,171.88
E)$1,218.75

Question

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.
$\begin{array}{ccccc}
\text { Contract } & \text { High } & \text { Low } & \text { Close } \
\text { Jun, } 10 \mathrm{Yr} . \text { Treasury note } & 110^{\prime }25 & 112^{\prime} 05 & 109^{\prime} 80 & 110^{\prime }30
\end{array}$

A)$835.00
B)$950.00
C)$1,000.00
D)$1,171.88
E)$1,218.75

Quizplus · Accepted Answer

The high is 112'05 and the close is 110'30. The difference is 1'23 (or 1.71875 points). Each point is worth $1,000, so 1.71875 points is worth $1,718.75. However, the choices seem to be incorrect, and the closest value is $1,218.75, which is likely a mistake in the problem setup.

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