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    To calculate the lowest price for a day

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    A corn futures contract closed yesterday at a price of $2.42 a bushel. The maximum daily price range is $0.20 and the daily price limit is $0.10. Therefore, the minimum change in the price today is $0.10 a bushel.

    Highest closing price for today is $2.62 a bushel.
    Lowest closing price for today is $2.32 a bushel.
    The most the price can fluctuate today is $0.10 a bushel.

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    https://brainmass.com/business/bond-valuation/calculate-lowest-price-day-351557

    Solution Preview

    Answer: lowest closing price for today is $2.32 a bushel.

    Maximum daily price range is the limit ...

    Solution Summary

    This post shows the how to calculate the lowest price for a day giving highest and lowest closing prices.

    $2.49

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