T The Treasury Manager of G.E. receives word that a payment in the amount of 50,000,000 to Hitachi will be due in June 2020. Hitachi requires the payment to be made in Japanese Yen () The Treasury Manager decides to hedge this exposure using Futures contratts The following quotes are available from CME at this time Japanese Yen (CME) $12,500,000; S/V Open High Low Settle Change Open Interest March 10994 1.0994 1.0828 1.0849 0.0114 127,351 June 1.0996 11008 10846 1.0866 0.0114 5,904 The US$ value of the required number of Futures contracts is CA$137,425.00 OB $135,612.50 C$138,825.00 OD.$135.825.00