A U$.$S$.$ firm holds an asset in Great Britain and faces the following scenario:

State $1$ State $2$ State $3$

Probability $25\%50\%25\%$

Spot rate $ $2\mathrm{.}20/$ $ $2\mathrm{.}00/$ $ $1\mathrm{.}80/$

P$*3,0002,5002,000$

P $ $6,600$ $ $5,000$ $ $3,600$

where,

P$*=$ Pound sterling price of the asset held by the U$.$S$.$ firm

P $=$ Dollar price of the same asset

The variance of the exchange rate is

Multiple Choice

$0\mathrm{.}002$

$0\mathrm{.}0200$

$0\mathrm{.}10$

none of the options