The Following Price Quotations on IBM Were Taken from the Wall

question 1

Multiple Choice

The following price quotations on IBM were taken from the Wall Street Journal. $\begin{array}{l|l|l}\text { Stock Price } & \text { Strike Price } & \text { February } \\\ 917 / 8 & 85 & 73 / 8 \\\hline 917 / 8 & 90 & 31 / 8 \\\hline 917 / 8 & 95 & 5 / 8\end{array}$
The premium on one IBM February 90 call contract is

• A)$4.1250
• B)$418.00
• C)$412.50
• D)$158.00
• E)none of the above

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