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

question 22

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 May call option on pounds with a strike price of 1440 mean:

• A) $88/£ per contract.
• B) $0.88/£.
• C) $0.0088/£.
• D) none of the above