One Year forward rate is $1.7300/pound.

Consider call and put options (on pound) defined as below:

Maturity- One Year. Strike Price- $1.7300/pound.

Premium on call is 4 cents(US) per pound.

This means that, to avoid arbitrage, the premium on put must be:

a) more than 4 cents per pound

b) 4 cents per pound

c) less than 4 cents per pound

d) need more data