TABLE 7.1 Use the Table to Answer Following Question(s)

question 28

Multiple Choice

TABLE 7.1
Use the table to answer following question(s) .
April 19, 2009, British Pound Option Prices (cents per pound, 62,500 pound contracts) .

-Refer to Table 7.1. The exercise price of ________ giving the purchaser the right to sell pounds in June has a cost per pound of ________ for a total price of ________.

• A) 1460; 0.68 cents; $425.00
• B) 1440; 1.06 cents; $662.50
• C) 1450; 1.02 cents; $637.50
• D) 1440; 1.42 cents; $887.50

---

Definitions:

Cirrhosis

A chronic liver disease marked by the replacement of healthy liver tissue with scar tissue, impairing liver function.

Liver Cancer

A form of cancer that begins in the cells of the liver.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specific time period.

Demand

The capacity and willingness of consumers to purchase varying quantities of a good or service at different prices throughout an established period.