You are a financial adviser to a US corporation that expects to receive a payment of 40 million Japanese yen in 180 days for goods exported to Japan. The current spot rate is 100 yen per US dollar (E_exist/ = 0.1). You are concerned that the US dollar is going to appreciate against the yen over the next six months. (a) Assuming the exchange rate remains unchanged, how much does your firm expect to receive in US dollars after six months? (b) Calculate E_exist/ when the dollar appreciated to 110 yen per US dollar? (c) How much would your firm receive (in US dollar) if the dollar appreciated to 110 yen per US dollar after six months? (d) Describe how you could use an options contract to hedge against the risk of losses associated with the potential appreciation in the US dollar