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

question 17

Multiple Choice

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) \( \$ 1205.00 \)

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Definitions:

Quality Distribution

The variation in quality levels among goods or services within a category, often affecting consumer choice and market dynamics.

Appraiser

An appraiser is a professional who assesses and determines the market value of assets, such as real estate or personal property.

Used Cars

Pre-owned vehicles that have been owned by one or more retail owners, often sold through various outlets including franchise, independent car dealers, and private party sales.

Equilibrium

An equilibrium state in the market where demand equals supply, thereby stabilizing prices.