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6. 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

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Answer:

19.119

Explanation:

Based on the information given we were told that today's report reflected the prices for the month of June contract in which the Settle price was 19.119 which Simply means that the Settle price amount of 19.119 will be the price per troy ounce which will be used for today's marking-to-market for this contract.

Therefore the price per troy ounce that will be used for today's marking-to-market for this contract will be 19.119

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