A Japanese exporter has a 1,000,000 receivable due in one year. Detail a strategy using options that will eliminate the exchange rate risk. Strike Euro 62,500 Yen 12,500,000 $1.25 1.00 $1.00 100 Listed Options Puts $0.0075/ $0.0075/100 Calls $0.01/e $0.01/Y100