You are given: (1) The spot exchange rate for dollars to pounds is 1.66 S/. (ii) The continuously compounded risk-free rate for dollars is 7%. (iii) The continuously compounded risk-free rate for pounds is 10%. A 9-month European put option allows selling 1 at the rate of $1.25 I. A 9-month dollar denominated call option with the same strike costs $1.14. Determine the premium of the 9-month dollar denominated put option. (A) 0.79 (B) -0.21 (C) -3.21 (D) -2.21 (E)-1.21 Select Save