Please solve the following questions: 1. A trader sells a call option with a strike price of 34$. If the maximum possible profit for the trader is 11$, at what price of the underlying asset the trader's profit would be zero (at the maturity of this option)? 2. On July 1, 2011, a company enters into a forward contract to buy 8 million US$ on January 1, 2021. On September 1, 2020, it enters into a forward contract to sell 8 million US$ on January 1, 2021. Describe the payoff from this strategy. 3. A trader enters into a short forward contract on 200 million yen. The forward exchange rate is $0.0090 per yen. How much does the trader gain or lose if the exchange rate at the end of the contract is (a) $0.0075 per yen and (b) $0.0190 per yen