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Canadian Dollar Feb 80 Calls on the PHLX are quoted at 1.25. Canadian Dollars are trading at 80.25. The contract size is 10,000 dollars (Canadian). What is the total premium for 10 contracts?a. $1.25
b. $12.50
c. $125.00
d. $1,125.00

Respuesta :

Answer:

d. $1,125.00

Explanation:

Canadian Dollar Feb 80 Calls on the PHLX are quoted at 1.25.

The contract size is 10,000 dollars (Canadian).

The total premium for 10 contracts can be calculated thus:

Premium per contract = $1.25 x Contract size (10,000) / 100 = $125

Premium for 10 contracts = $125 (premium per contract) x 10 (Number of contracts) = $1,125.00

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