Find the dollar value today of a 1-period at-the-money call option on 10,000. The spot exchange rate is 1.00 = $1.25. In the next period, the euro can increase in dollar value to $2.00 or fall to $1.00. The interest rate in dollars is i_$ = 27.50%; the interest rate in euro is i = 2%.

		$3,294.12
		$4,218.75
		$3,308.82
		$0