$($Transaction Exposure$)$Trident $-$ A U$.$S$.-$based company, has concluded a sale of

telecommunications equipment to Regency $($U$.$K$.).$ A total payment of $2,000,000$

is due in $90$ days. The following table shows relevant exchange rates and interest

rates. To hedge, the company is considering using $2,000,000$ put options with the

strike of $$\frac{1\mathrm{.}55}{}.$ Compared to the forward hedge, the break$-$even spot rate for

such options hedge is $$.$

$/$ in $90$ days. $($Keep four decimal

numbers $\frac{?}{?})$

Put options on the British pound: Strike rates,

US$$/$pound $($$$/)$