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. The May call option on pounds with a strike price of 1440 means:

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