A Japanese investor holds a portfolio of British stocks worth 10 million. The current three-month dollar/pound forward exchange rate is $/ = 1.65, and the current three-month yen/dollar forward exchange rate is /$ = 100. What position should the Japanese investor take to hedge the pound/yen exchange risk?

	A)	Buy 10 million for $16.5 million, ($16,500,000 = 10,000,000 1.65 $/), and sell $16.5 million for 1.65 billion (1,650,000,000 = $16,500,000 100 /$).
	B)	Sell 10 million for $16.5 million, ($16,500,000 = 10,000,000 1.65 $/), and buy $16.5 million for 1.65 billion (1,650,000,000 = $16,500,000 100 /$).
	C)	Sell 10 million for $16.5 million, ($16,500,000 = 10,000,000 1.65 $/), and sell $16.5 million for 1.65 billion (1,650,000,000 = $16,500,000 100 /$).
	D)	Buy 10 million for $16.5 million, ($16,500,000 = 10,000,000 1.65 $/), and buy $16.5 million for 1.65 billion (1,650,000,000 = $16,500,000 100 /$)