Q12) A Japanese exporter has a 1,000,000 receivable due in one year. Detail a strategy using a money market hedge that will eliminate any exchange rate risk. 1-year rates of interest BID ASK Dollar 4.0% 4.5% Euro 5.25% 6.0% Yen 0.75% 1.0% Spot exchange rates $ 1.25 1.00 1-year Forward Rates $ 1.2262 1.00 $ 1.00 100 $ 1.03100