13. Company ABC has a put option on gold at an exercise price of $1,820.90 to hedge its exposure to gold. Gold is currently selling at \$1,950.23 at the option expiration date. What should the company, who has paid the premium for this option, do at the expiration date? a. Exercise the option and lose the premium b. Not exercise the option and lose $129.33 on its total position which includes the firm's underlying gold c. Exercise the option and profit by $129.33 d. Not exercise the option as there will be no gain or loss to the firm in total