23-106 If the Exchange Rate in One Month Is $1

23-106 If the exchange rate in one month is $1.55/£1,what action should the FI take in regards to the hedge?

A) Call the £100 million proceeds of the T-bill from the option writer for $160 million
B) Put the £100 million proceeds from the T-bill to the option writer for $160 million.
C) Put the £100 million proceeds from the T-bill to the option writer for $155 million.
D) Call the £100 million proceeds of the T-bill from the option writer for $155 million
E) Allow the option contracts to expire since they are out of the money.