Question: Please answer 1) and 2). April 19, 2009, British Pound Option Prices (cents per pound, 62,500 pound contracts). (1448 and 1440 mean US $1.448 per
Please answer 1) and 2).
April 19, 2009, British Pound Option Prices (cents per pound, 62,500 pound contracts). (1448 and 1440 mean US $1.448 per 1 British pound and US $1.440 per 1 British pound.)
| Option & Underlying | Strike Price | Calls Last | Puts-Last | ||||
| May | June | Jul | May | June | July | ||
| 1448 | 1440 | 0.88 | 1.42 | 1.42 | 0.52 | 1.06 | - |
| 1448 | 1450 | 0.42 | 1.02 | - | - | - | - |
| 1448 | 1460 | 0.20 | 0.68 | 0.72 | - | 2.32 | - |
1) Refer to Table. What was the closing price of the British pound on April 18, 2009?
2) Refer to Table. 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 ________.
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