Find the Value of the Expression $\left( \frac { 1 } { 2 } \right) ^ { 3 }$

Multiple Choice

Find the value of the expression $\left( \frac { 1 } { 2 } \right) ^ { 3 }$ .

A) $\frac { 1 } { 8 }$
B) $\frac { 1 } { 4 }$
C) $\frac { 1 } { 32 }$
D) $\frac { 1 } { 16 }$
E) $\frac { 1 } { 64 }$