The Following Price Quotations Were Taken from the Wall Street

question 87

Multiple Choice

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

• A) $3.1250.
• B) $318.00.
• C) $312.50.
• D) $58.00.

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