Consider the following data on British pound option prices (in cents per unit):

Units per contract: 31,250	Call	Put
142.5 December	2.55	3.55
144 October	2.35	3.62
144 November	2.40	3.80

How much would you pay for one option contract that gives you the right (but not the obligation) to sell British pounds at a strike price of $1.44/ in November?

Select one:

A.

$1,187.5

B.

$1,109.375

C.

$734.375

D.

$1,131.25

E.

$750