Looking at the following options table:

	British Pound Option Prices (U.S. CENTS per Pound, 62,500 pounds per contract)
US cents/		Call	Call	Call		Put	Put	Put
Spot Rate	Strike Price	May	June	July		May	June	July
144.8	144	0.88	1.42	1.44		0.52	1.06	-----
144.8	145	0.42	1.02	-----		-----	-----	-----
144.8	146	0.2	0.68	0.72		1.75	2.32	-----

QUESTION A:	Give me one example of an option that is out of the money? Be specific as far as month and strike price. Explain your answer?
QUESTION B:	Give me one example of an option that is in the money? Be specific as far as month and strike price. Explain your answer?
QUESTION C:	Which, if any, option is at the money? Explain your answer.
QUESTION D:	Looking at the July 144 CALL option, break down the option's premium into its Intrinsic Value and Time Premium components
	Show your calculations.
QUESTION E:	Looking at the June 146 PUT option, break down the options premium into its Intrinsic Value and Time Premium components
	Show your calculations.
QUESTION F :	If you purchase two (2) June 145.0 call options what will be the total amount of your premium that you need to pay?
QUESTION G:	Referring to QUESTION F, when do you pay the option premium, on the settlement date or on the date that you purchase the options?
QUESTION H:	Today you purchase three (3) June 144.0 Puts. On settlement date the spot rate = 142.5 cents per pound, what is your net profit/loss?
	Show your calculations.
QUESTION H:	Today you purchase two (2) June 144.0 Calls. On settlement date the spot rate = 143.5 cents per pound, what is your net profit/loss?