The futures contracts on silver are quoted in dollars per troy ounce with a contract size of 5,000 troy ounces. Contract quotes for the day included an open value of 16.650, a high of 16.660, a low of 16.620, and a settle of 16.645. If you purchased three contracts at the closing price what was the dollar cost of your purchase ignoring all transaction costs? $83,225 $249,675 $249,750 $83,250 $82,500