A European at-the-money put option on the British pound has 1 year until maturity. The exchange rate volatility is 10%, the U.S. risk-free rate is 1.0%, and the U.K. risk- free rate is 1.5% (all per annum and with continuous compounding). The current exchange rate is $1.30 per pound. What is the value of the put option? (Hint: Use Black-Scholes-Merton valuation for currency options)? $0.0766 per pound O $0.0388 per pound $0.0977 per pound $0.0544 per pound