$7$

$1$ point

Assume that on February $4$th you buy a CDS that matures in five years on March $20$th$.$ The notional amount is $$100$ million, and the underlying is a high$-$yield bond. Assuming the current quarter has $90$ days, what is the running premium?

$$125,000$

$$1,250,000$

$$1,250$

$$12,500$