Banana plugs and audio cable

[jc480]

I have a few hundred feet left of CL2 in-wall audio cable that I used for my Polk speakers - wired to a central in-wall jack.

My question is....can I use this cable to make up speaker cables that terminate in banana plugs on either end?

This cable has two leads...a "red" and a "black" jacketed leads...referencing the enclosed install file shown, would I just split the two leads over the end of the plug like it shows and install the end cap?

Or do I need a different type of wire that is non-split?

A bit confused : )

http://www.monoprice.com/manual/INST...NA%20PLUGS.pdf

What I have now....notice the two leads...