Find the hedge ratio call option on 10,000 with a strike price of 17,000. The current exchange rate is 1.70/1.00 and in the next period exchange rate can increase to 2.40/ or decrease to 0.9375/ . The current interest rates are i = 3% and are i = 4%.

a. 47/105

b. 56/117

c. 17/24

d. 8/13