Suppose that OSG undertakes the same mandatory hedging policyas S Corp., the American company whose minimum forward-coverschedule is shown in Exhibit 9. Apply this schedule to the US$ 1million accounts receivable case for OSG and find the expected totalend-of-period value of the position taken by OSG. OSG expected toreceive a US dollar (foreign currency) payment of US $ 1million inthree months. The spot rate was Y115.03/$ and the forward rate isY116.18/$ as shown in Appendix 1. Use Exhibit 10 for minimumforward-cover. Note that the yen is home currency for OSG.a.What would be the amount of forward cover required?b.If the spot rate in three months was expected to be Y110.00/$,what would be the amount in US $, covered and uncovered?c.What would be the expected total end-of-period yen value ofthe position taken in part (b)? Suppose the spot rate in threemonths will be Y115.00/$.

Looking for help on this problem, not sure where to start. The required information is in the two photos attached. OSG has an receivables account worth $1 million. Thank you.