That was my initial guess after some quick mathematical speculation.
Why speculate when you can calculate? (All calculations done at 4500 feet elevation and 29.95 corrected barometric pressure. 'Cause that's where I live.)
Using one of my favorite rounds, 8x57, with a 200 gr Nosler Partition going at 2500 fps. Scope height is 1.8 inches. (For sake of calculation, that's 1.8" above the bore at the muzzle). Assuming that the bullet crosses back over the line-of-sight at 200 yards from the muzzle.
Using values from jbmballistics.com.
Angle between line-of-bore and line-of-sight = 6.799 MOA or 0.1133 degrees.
Distance from muzzle where the line-of-sight and line-of-bore cross = 1.8" / sin(0.1133) = 859.6" or 23.88 yards.
Distance from that crossing to 200 yards = 176.12 yards or 63403.2"
Height of line-of-bore above line-of-sight @ 200 yards = 13.28"
Therefore, the line of bore is 13.28" above the bullet @ 200 yards. According to the ballistic calculator, that happens at 0.261 seconds into the flight of the bullet.
For comparison, let's move the sight height to zero and shoot the bullet straight out of a perfectly level bore. At 200 yards, the drop is 12.4" below the line of sight at the 0.261 seconds into the flight of the bullet.
Now, let's go back to the same angle, (6.799 MOA) but keep the sight height at zero. What happens? The bullet is 1.8" above the line of sight at 200 yards. Sounds familiar. That's the original sight height, which makes sense since we just adjusted it out for this thought experiment.
But, the original question was which of A, B, or C was the correct answer. (or none of the above)
Drop @ 200 yards from a flat barrel is 12.4". 12.4 + 1.8 = 14.2". The actual height above the line of sight is 13.28" in the original configuration, so the answer is D, none of the above.
I think.
Yes, I'm a math nerd. I buy math books (calculus, linear algebra, etc) at thrift stores because I like to. And who said you'd never use trig after getting out of school!?!?!
Matt
ETA: I had this typed up before I saw Bart B's addition of a specific load/velocity/etc.