Given the following information,what is the price per troy ounce that will be used for today's marking-to-market for the December silver contract?
Silver - 5,000 troy oz.:
Dollars and cents per troy oz. $$\begin{array} { | r | r | r | r | r | r | }
\hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } \
\hline \text { Dec } & 10.185 & 10.225 & 9.530 & 10.220 & - 0.605 \
\hline \text { Mar } & 10.190 & 10.250 & 9.600 & 10.244 & - 0.564 \
\hline
\end{array}$$
A)$9.53
B)$9.60
C)$10.185
D)$10.190
E)$10.220

Question

Given the following information,what is the price per troy ounce that will be used for today's marking-to-market for the December silver contract?
Silver - 5,000 troy oz.:
Dollars and cents per troy oz. $$\begin{array} { | r | r | r | r | r | r | } 
\hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } \
\hline \text { Dec } & 10.185 & 10.225 & 9.530 & 10.220 & - 0.605 \
\hline \text { Mar } & 10.190 & 10.250 & 9.600 & 10.244 & - 0.564 \
\hline
\end{array}$$
A)$9.53
B)$9.60
C)$10.185
D)$10.190
E)$10.220

Quizplus · Accepted Answer

The price used for today's marking-to-market will be the settlement price, which is $10.220 for the December silver contract.

Given the Following Information,what Is the Price Per Troy Ounce