You are US company, 300,000 BP (British Pound) payable to UK in one year. Answer in terms of US$.Information for Forward Contract:Forward exchange rate (one yr): 1.52 $/BPInformation for Money Market Instruments (MMI):Current exchange rate: 1.49 $/BPInvestment return at Aerion Fund Management (in UK): 7% annualInterest rate of borrowing from Bank of America (in USA): 2% annualInformation you need for Currency Options Contract:Options premium: 0.015 $/BPInterest rate of borrowing from Bank of America (USA): 2% annualAllowed to exercise options at 1.54 $/BP What are the costs of MMI? (Answer in US$ of course. You are US company!)