[单选题]
Solway International is owed ￡10,000 from its U.K. customer. The current exchange rate is $1.30 to the U.K. pound (￡1.00). Solway has purchased a put option to sell ￡10,000 in 60 days time for $1.25, and Solway has paid a premium of $0.005. If 60 days from now the exchange rate is $1.20, what will be the overall result for Solway International?
A .Solway will exercise the option and it will benefit Solway by $450.
B .Solway will exercise the option and it will benefit Solway by $500.
C .Solway will exercise the option and it will benefit Solway by $550.
D .Solway will allow the option to expire unexercised.
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