Ask Question
28 August, 15:21

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

+4
Answers (1)
  1. 28 August, 18:36
    0
    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
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers