Atlantis Corp. will receive 665,000 pounds (GBP) in 90 days. A 90-day European call option on the pound with an exercise price of USD 2.3002 sells for USD 0.05. A 90-day European put option on the pound with an exercise price of USD 2.4164 sells for USD 0.05. The spot rate is USD 2.0567/GBP and the 90-day forward rate is USD 1.8211/GBP. The company will hedge its exposure by using currency options. Assume the spot rate in 90 days is USD 2.5882/GBP, what will be the net amount received in USD, provided that the company acts rationally.

Select one:

a. 1,177,782

b. 1,687,903

c. 1,879,423

d. 1,721,153