Consider a currency swap with 2 years remaining. A company receives 2.5% per annum in sterling (GBP) and pays 1.8% per annum in dollars once a year. The LIBOR interest rate with continuous compounding is flat in both countries. The British rate is 2.1% per annum and the US rate is 1.6% per annum. The principal amounts are 1 million pounds and $1.29 million dollars, and the current exchange rate is $1.32 = 1. By valuing the currency swap as fixed-rate bonds, what is the value of the dollar bond in $?

	A.	$1,281,944
	B.	$1,294,714
	C.	$1,272,225
	D.	$1,259,207