$($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. Given

the following exchange rates and interest rates, the break$-$even

investment rate $($for money market hedge$)$ is

$\%$ when

comparing the forward hedge and the money market hedge.

Put options on the British pound: Strike rates,

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