(Solved): (Transaction Exposure)Trident - A U.S.-based company, has concluded a sale of telecommunications equ ...

(Transaction Exposure)Trident - A U.S.-based company, has concluded a sale of telecommunications equipment to Regency (U.K.). A total payment of \( £ 2,000,000 \) is due in 90 days. The following table shows relevant exchange rates and interest rates. To hedge, the company is considering using \( £ 2,000,000 \) put options with the strike of \( \$ 1.55 / £ \). Compared to the forward hedge, the break-even spot rate for such options hedge is \( \ddagger \) / \( £ \) in 90 days. (Keep four decimal numbers/) Put options on the British pound: Strike rates, US\$/pound (\$/£)