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	$	2.20	/		$	2.00	/		$	1.80	/
P*		3,000				2,500				2,000
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 "exposure" (i.e. the regression coefficient beta) is Hint: Calculate the expression .

		2,500
		7,500
		2,500
		none of the options