If the futures contract is the SPI 200 futures contract and the premium is quoted as 12.5,what is the premium?

A) $ \$ 120.50 $
B) $ \$ 312.50 $
C) $ \$ 625.00 $
D) $ \$ 1205.00 $

Question

If the futures contract is the SPI 200 futures contract and the premium is quoted as 12.5,what is the premium?

A) $ \$ 120.50 $
B) $ \$ 312.50 $
C) $ \$ 625.00 $
D) $ \$ 1205.00 $

Quizplus · Accepted Answer

If the futures contract is the SPI 200 futures contract,then the option premium is quoted in terms of half index points with $25.00 per index point.If the premium is quoted as 12.5,then the premium is $312.50 (12.5 points F1F1F1S1F1F1F10 $25.00 per point).

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

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