The following price quotations on WFM were taken from the Wall Street Journal. $\begin{array}{rrr}
\text { Stock Price}&\text { Strike }&\text { February }\
&\text { Price }&\
927 / 8 & 85 & 87 / 8 \
927 / 8 & 90 & 41 / 8 \
927 / 8 & 95 & 15 / 8
\end{array}$

The premium on one WFM February 85 call contract is

Question

The following price quotations on WFM were taken from the Wall Street Journal. $\begin{array}{rrr}
\text { Stock Price}&\text { Strike }&\text { February }\
&\text { Price }&\
927 / 8 & 85 & 87 / 8 \
927 / 8 & 90 & 41 / 8 \
927 / 8 & 95 & 15 / 8
\end{array}$

The premium on one WFM February 85 call contract is

Quizplus · Accepted Answer

The premium on one WFM February 85 call contract is given as 87/8, which is equal to 8.875. Since each standard option contract represents 100 shares, the total cost of the contract is 8.875 * 100 = $887.50.

The Following Price Quotations on WFM Were Taken from the Wall