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The Futures Contract on Silver Is Based on 5,000 Troy

Question 44

Multiple Choice

The futures contract on silver is based on 5,000 troy ounces and is priced in dollars and cents per troy ounce. Assume today's report reflects these prices for the June contract: Open 19.435, High 19.450, Low 19.025, Settle 19.119, and Chg .369. What is the price per troy ounce that will be used for today's marking-to-market for this contract?


A) $19.435
B) $19.450
C) $19.025
D) $19.081
E) $19.119

Correct Answer:

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