Mr. Charles imports light bulbs from Norway to sell in Chicago. He can contract today to pay 10,500 Norwegian Kroner for a shipment of light bulbs and to sell the light bulbs for $1,850. However, all payments and receipts will not occur for 30 days. Which of the following is true of this scenario?

	a.	Although the current US dollar Norwegian Kroner exchange rate provides a profit, the level of profit will decline if the Norwegian Kroner gains against the dollar.
	b.	The current US dollar Norwegian Kroner exchange rate provides a profit, and that level of profit is not dependent on the movement of the Norwegian Kroner gains against the dollar.
	c.	Although the current US dollar Norwegian Kroner exchange rate provides a loss, the level of loss will get smaller if the Norwegian Kroner gains against the dollar.
	d.	Although the current US dollar Norwegian Kroner exchange rate provides a profit, the level of profit will increase if the Norwegian Kroner gains against the dollar.
	e.	Although the current US dollar Norwegian Kroner exchange rate provides a loss, the level of loss will get larger if the Norwegian Kroner gains against the dollar.

Currencies U.S. dollar foreign-exchange rates. Count Curren in US$ per US British Pound 0.6516 1.5347 Norwegian Kroner 0.1690 5.9172 Thai Baht 32.258 0.0310