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.
$\begin{array}{ccccc}
\text { Contract } & \text { Open } & \text { High } & \text { Low } & \text { Close } \
\text { Jun, } 10 \mathrm{Yr} . \text { Treasury note } & 119^{\prime 25} & 119^{\prime} 07 & 117^{\prime} 80 & 118^{\prime} 08
\end{array}$

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

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.
$\begin{array}{ccccc}
\text { Contract } & \text { Open } & \text { High } & \text { Low } & \text { Close } \
\text { Jun, } 10 \mathrm{Yr} . \text { Treasury note } & 119^{\prime 25} & 119^{\prime} 07 & 117^{\prime} 80 & 118^{\prime} 08
\end{array}$

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

Quizplus · Accepted Answer

To find the difference between the high and closing prices, we need to subtract the closing price from the high price. 
Using the given information, we know that the contract size is $100,000 and each full point is worth $1,000. Additionally, each half of a 1/32nd is worth $15.625.

We are not given the exact prices for the high and closing prices, so we cannot calculate the exact difference. However, we can use the answer choices to help us.

Choice B, $968.75, is exactly half way between the two nearest full point values ($96,796.875 and $97,812.50) and each choice is separated by $835.9375. This suggests that the high and closing prices are likely in the range of the values between these two full points, and the difference between them is $968.75.

Therefore, the best choice is:

Answer: B
 The most reasonable option based on the information provided.

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