Question: 1) 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

1) 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. 2pts. Show all work & Explain.

Contract

Open

High

Low

Close

Jun, 10 Yr. Treasury note

119'25

119'07

117'80

118'08

2) suppose that a June put option on a stock with a strike price of $60 costs $4 and is held until June. Under what circumstances will the holder of the option make a gain? Under what circumstances will the option be exercised? 2pts Show all work and explain.

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