If the SPI futures contract is quoted as 3750,the value of one SPI contract is:

A) $ \$ 3750 $
B) $ \$ 93750 $
C) $ \$ 125000 $
D) $ \$ 375000 $

Name: If the SPI futures contract is quoted as 3750,the value of one SPI contract is: A) $ \$ 3750 $ B) $ \$ 93750 $ C) $ \$ 125000 $ D) $ \$ 375000 $
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Question

If the SPI futures contract is quoted as 3750,the value of one SPI contract is:

A) $ \$ 3750 $
B) $ \$ 93750 $
C) $ \$ 125000 $
D) $ \$ 375000 $

Quizplus · Accepted Answer

The underlying contract unit for the SPI is 25 times the S&P 200 index level.Hence,the SPI futures contract is quoted as 3750,the value of one SPI contract is 3750 F1F1F1S1F1F1F10 25 = $93,750.

If the SPI Futures Contract Is Quoted as 3750,the Value $3750 \$ 3750 $3750

If the SPI Futures Contract Is Quoted as 3750,the Value $\$ 3750$