Multiple Choice
Silver futures contracts are based on 5,000 troy ounces and are priced in dollars per troy ounce. Suppose a closing report displays these prices for a December contract: Open 17.435, High 17.450, Low 17.025, and Settle 17.119. What is the closing value for two December futures contracts on silver?
A) $174,350
B) $174,500
C) $170,250
D) $171,190
E) $172,770
Correct Answer:
Verified
Correct Answer:
Verified
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