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Assume that on February 4 th you buy a CDS that matures in five years on March 2 0 th . The notional amount is

Assume that on February 4th you buy a CDS that matures in five years on March 20th. The notional amount is $100 million, and the underlying is a high-yield bond. Assuming the current quarte. has 90 days, what is the running premium?
$125,000
$1,250
$12,500
$1,250,000
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