The current spot exchange rate is $$1\mathrm{.}25/$ and the three$-$month forward rate is $$1\mathrm{.}30/.$ Consider a three$-$month European put option on $125,000$ with a strike price of $$1\mathrm{.}20/.$ If you pay an option premium of $$5,000$ to buy this put option, at what exchange rate will you break$-$even?

Group of answer choices

$$1\mathrm{.}24/$

$$1\mathrm{.}16/$

$$1\mathrm{.}20/$

$$1\mathrm{.}34/$