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If the Futures Contract Is the SPI 200 Futures Contract $\$ 120.50$

Question 3

Multiple Choice

If the futures contract is the SPI 200 futures contract and the premium is quoted as 25,what is the premium?

A) $\$ 120.50$
B) $\$ 312.50$
C) $\$500.00$
D) $\$ 625.00$

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