1) the buyer of a call-option has:

a. absence of gain/loss

b. absolute unlimited gain

c. potential unlimited gain

d. loss only

e. gain only

2) If the Indian subsidiary of a U.S. firm has net exposed assets of Rp 9,000,000 and the indian rupee drops in value from Rp 45.00/$ to Rp 50.00/$ the U.S. firms has a translation:

The answer is: Loss of $20,000. >>> BUT HOW? I need the STEPS

3) Purchaser of a currency option has what economic position:

a. Unlimited profit.

b. Unlimited loss

c. Limited ptofit

d. Limited loss

e. non of the above