What is the absolute price difference on a $100,000,5-year Treasury note futures contract between the high and low prices?
Treasury note,$100,000,pts and one-quarter of 1/32 of a point
A)$428.13
B)$512.08
C)$625.33
D)$787.50
E)$811.33

Question

What is the absolute price difference on a $100,000,5-year Treasury note futures contract between the high and low prices?
Treasury note,$100,000,pts and one-quarter of 1/32 of a point 
A)$428.13 
B)$512.08 
C)$625.33 
D)$787.50 
E)$811.33

Quizplus · Accepted Answer

Difference = $100,000 × (112% + (11.7/32)% - 111% - (18.5/32)%) = $787.50

What Is the Absolute Price Difference on a $100,000,5-Year Treasury