The continuously compounded interest rate on 5-year default-free Australian dollar-denominated bonds is 0.5% per annum. The continuously compounded interest rate on 5-year default-free Euro-denominated bonds is 0.2% per annum. There are no transactions costs. The current exchange rate is $1.50 Australian for 1 Euro. There will be arbitrage opportunities unless a 5-year European-style put option on 50,000 Euro with an exercise price of $90,000 is worth at least

Group of answer choices

$16,524.60

$13,524.15

$13,528.88

$12,777.89

$57,413.10