Suppose you are an importer of toys from Japan. You expect to import Yen 100,000,000 worth of toys in June 2016. How many contracts of the June Yen/S futures should be purchased to completely hedge your Yen exposure? On the day of the June 2016 futures expiration, the spot exchange rate is 110Yen/$. What is the profit/loss on the futures position? What is the 7-month Japanese risk-free rate implied by the SEP 16 futures settlement price? Assume that the 7-month risk free rate in the US is 0.39% per annum (continuously compounded)