Question: The current exchange rate is 1.25 = 1.00 and a British firm offers a French customer the choice of paying a 10,000 bill due in

The current exchange rate is 1.25 = 1.00 and a British firm offers a French customer the choice of paying a 10,000 bill due in 90 days with either 10,000 or 12,500. Select one:

a. The seller has given the buyer an at-the-money call option on euro with a strike in pounds.

b. The seller has given the buyer an at-the-money put option on pounds with a strike in euro.

c. The seller has given the buyer an at-the-money put option on euro with a strike in pounds.

d. none of the options

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