Find the Hedge Ratio for a Call Option on £10,000

Multiple Choice

Find the hedge ratio for a call option on £10,000 with a strike price of €12,500. The current exchange rate is €1.50/£1.00 and in the next period the exchange rate can increase to €2.40/£ or decrease to €0.9375/€1.00 .
The current interest rates are i_€ = 3% and are i_£ = 4%.
Choose the answer closest to yours.

A) 5/9
B) 8/13
C) 2/3
D) 3/8
E) None of the above