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

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. What was the closing price of the British pound on April 18, 2009?

A) $1.448/£
B) £1.448/$
C) $14.48/£
D) none of the above