Question: What is the amount of the difference between the highest and the lowest value of a November heating oil contract on this day? Contract Open

What is the amount of the difference between the highest and the lowest value of a November heating oil contract on this day?

Contract Open High Low Close
Nov, Heating oil, 42,000 gal, $ and cents/gal 3.6730 3.7489 3.6652 3.7324
Nov, Crude oil, 1,000 bbls, $ and cents/bbl 122.71 124.50 122.70 124.40

Multiple Choice

  • $3,517.72

  • $3,554.10

  • $3,515.40

  • $3,525.00

  • $3,549.70

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Give two different explanations why the following three periodic tasks are schedulable by the rate - monotonic algorithm: 1 {0.8, 2}, 2 {1.4, 4}, and 3 {2, 8}. Here, the notation i {e i , p i...

Q:

What is the amount of the difference between the highest and the lowest value of a November heating oil contract on this day? Contract NoY, Heating oil, 42,000 gal;$ Nov, Crude oil, 1.000 bbls. $ and...

Q:

Contract Open High Low Close Nov, Heating Oil, 42,000 gal, $ and cents/gal 6.63 6.16 3.19 5.38 Nov, Crude Oil, 1,000 bbls. $ and cents/bbl 121.51 136.65 112.29 112.57 You take a long position in 5...

Q:

Contract Open High Low Close Nov, Heating Oil, 42,000 gal, $ and cents/gal 6.57 6.63 3.63 8.93 Nov, Crude Oil, 1,000 bbls. $ and cents/bbl 124.08 139.92 119.65 129.34 You take a long position in 6...

Q:

Contract Open High Low Close Jan, Soybean, 5,000 bu, cents/bu 811.22 829.12 801.2 814.48 Jan, Soybean Oil, 60,000 lbs, cents/lb 110.46 146.05 98.41 119.5 What is the value of your position if you...

Q:

Multiple Choice a. $59.40 b. $249.48 c. $2,494.80 d. $2,970.00 e. $5,940.00 What is the difference in the value of one November heating oil contract between this day's opening and closing prices?...

Q:

Contract Open High Low Close Nov, Heating Oil, 4 2 , 0 0 0 gal, $ and cents / gal 8 . 4 9 1 4 . 6 7 7 . 4 7 8 . 6 9 Nov, Crude Oil, 1 , 0 0 0 bbls . $ and cents / bbl 1 6 . 9 8 2 0 . 8 6 1 4 . 3 8 1...

Q:

Speculators may use futures markets rather than spot markets because -transactions costs are lower in futures markets. --futures markets provide leverage. -spot markets are less efficient. -futures...

Q:

1. You would like to lock in the selling price on 50,000 bushels of wheat, which you plan to harvest and deliver to the market in September. The September futures price quote is currently 8994. If...

Q:

Question 20 1 pts What is the price difference on a $100,000, 10-year Treasury note futures contract between the highest and lowest prices at which the bond traded on this day? Treasury note,...

Q:

Contract Open High Low Close Nov, Heating Oil, 42,000 gal, $ and cents/gal 3.69 6.16 3.94 6.53 Nov, Crude Oil, 1.000 bbls. $ and cents/bbl 122.97 136.24 118.45 121.71 You take a long position in 10...

Q:

The logarithm of a product of two numbers is the same as the sum So log (48)-log(4) + Need Help? Read It Submit Answer Save Progress Practice Another Version 0.5/1 points | Previous Answers SPreCalc7...

Q:

How do databases support organizational business processes?

Q:

Belavue Corporation is a mid - sized manufacturing company that has recently expanded its operations and increased its cash reserves significantly. The company has diversified its investments into...

Q:

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

Q:

7. What level of proof should be used in this matter? Why? This matter of arbitration stems from an indictment of Thomas Allen for one count of arson first degree and ten counts of burglary in...

Q:

6. Should the Union be allowed to provide character witnesses on behalf of Mr. Allen? If so, why? If not, why not? This matter of arbitration stems from an indictment of Thomas Allen for one count of...

Q:

2. Distinguish between arrests, indictments, and convictions. This matter of arbitration stems from an indictment of Thomas Allen for one count of arson first degree and ten counts of burglary in...