Banque De Lyon Agrees to Sell Golden Socks 1,000,000 Euro

Banque de Lyon agrees to sell Golden Socks 1,000,000 euro at a price of $1.10 to the euro 6 months from today. If the spot price of the euro in six months is $1.20,

A) the payoff to Banque de Lyon is $100,000.
B) the payoff to Banque de Lyon is ($100,000) .
C) the payoff to Banque de Lyon is ($135,000) .
D) the payoff to Golden Socks is ($100,000) .