Answer the following questions about options: 

(1) A put option on Yen is written at a strike price of 105.00 Yen/$. How much profit/loss will you get if you choose to exercise the option at 107.00 Yen/$? (2) A call option in Euro is written with a strike price of $1.30/euro. How much profit/loss will you get if you choose to exercise the option at $1.45/Euro? 

(3) A call option in GBP has a strike price of $2.05/£ and a cost of $0.02. What is the break-even price for the option? 

(4) Your US firm has a British Pound debt that will be due in 6 months. What should you do by using currency options to hedge against unexpected changes in the dollar/pound rate? 

(5) If you short-circuit a euro call option with a strike price of $1.35/euro against the dollar and a premium of $0.07, What would be your maximum win and maximum loss in dollars? 

(6) If you sell a GBP put option with a strike price of $1.80/£ and a cost of $0.7, what will be your maximum gain and maximum loss? 

(7) If you short a Japanese Yen put option with a strike price of Yen 103.00/$ and a cost of Yen 10, what would be your maximum gain and maximum loss?