TABLE 8.1 Use the Table to Answer Following Question(s)

question 27

Multiple Choice

TABLE 8.1
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 8.1. 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

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