A Japanese importer has a $1,250,000 payable due in one year. Develop a strategy using forward contracts that will hedge his exchange rate risk. Spot exchange rates 1-year Forward Rates Contract size $ 1.00 = | 100 $ 1.00 = | 120 12,500,000 Go long in yen forward contracts. Go long in dollar forward contracts. Go short in dollar forward contracts. none of the options