A rider loses their iron while performing the pattern; which of the following is the correct point penalty?

When a rider loses their iron while performing a pattern, the correct point penalty is three. This penalty is imposed as it signifies a loss of control and balance by the rider, which could affect their performance and the overall execution of the pattern. Maintaining proper equipment, such as irons, is crucial for safety and effective riding. The severity of three points reflects the importance of this aspect in competition, emphasizing that the rider must maintain proper control throughout their performance. The framework of penalties is structured to encourage riders to adhere to standards that ensure both skillful execution and safety during equestrian events.