To hedge exchange rate risk, you took the following actions:
Initial transaction of $50 million for 25 millions of British pound, then invest those pounds at 5% rate in the United Kingdom.
Enter a contract to deliver your pounds for dollars at the forward exchange rate $1.94/pound.
What's the total dollar value after the contract?
A. $40.25 million
B. $50.25 million
C. $50.93 million
D. $40.93 million