Today is 1 October. Your business is based in USA and you regularly purchase heating oil from JAPAN. Your next purchase will be at the end of November in the quantity of 200,000 gallons of heating oil. Your invoice will be denominated in JAPANESE YEN. Relevant prices for heating oil are: - spot price: YEN 520 per gallon - forward price with Nov delivery: YEN 540 per gallon Relevant exchange rates between US DOLLARS (USD) and JAPANESE YEN (YEN) are: - spot exchange rate USD 2.0000= YEN 117 - forward rate with Nov delivery: USD 2.0000=YEN120.0000 Required: Your aim is to fully hedge the risks involved in this purchase of heating oil from Russia. Describe the forward contract/s you will enter today to fully hedge the risks involved in this transaction. You must be very clear regarding: (i) whether you enter a long or short position, (ii) what the underlying asset is, (iii) the quantity and price that would be on the forward contract