futures question

  1. 4,842 Posts.
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    Just wondering if someone can help me with a question for an assignment ....

    If a share future is trading at $ 12.50 & each share future represents a parcel of 1000 shares, does $ 12.50 tie up 1000 futures or is it $ 12,500 to tie up 1000 futures ?


    Thanks in advance
 
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