You are given: (i) The spot exchange rate for dollars to pounds is 1.27 $/. (ii) The continuously compounded risk-free rate for dollars is 4%. (iii) The continuously compounded risk-free rate for pounds is 8%. A 11-month European put option allows selling 1 at the rate of $1.77 I. A 11-month dollar denominated call option with the same strike costs $0.93. Determine the premium of the 11-month dollar denominated put option. (A) 1.46 (B) 0.46 (C) -0.54 (D) -2.54 (E) -1.54