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) \( \$ 1205.00 \)

---

Definitions:

Loss

A decrease in net income that occurs when expenses exceed revenues, investments diminish in value, or assets are lost or damaged.

Investing Activities

Transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Financing Activities

Transactions involving long-term liabilities, stockholders' equity, and changes in short-term loans that affect a company's cash flow.

Note Payable

A written agreement to pay a specific sum of money, usually including interest, at a future date.