Sam purchased two futures contracts on cocoa at a price quote of 1344'0. The initial margin requirement is $4,750 per contract and the maintenance margin is $3,500 per contract. The contract quantity is 5,000 beans and the price quote is in cents per bean. What is the lowest the price quote before receive a margin call?

A.1314'0

B.1315'0

C.1319'0

D.1322'0

E.1325'0

I do not understand how to solve this. In fact what is meant by price quote of 1344'0? what does the " ' " represent? Can you please break it down for me?