The current spot exchange-rate is $0.010/yen. The current 60-day forward exchange rate is $0.009/yen. How would the

Question:

The current spot exchange-rate is $0.010/yen. The current 60-day forward is $0.009/yen. How would the U.S. firms and people described in question 3 each use a forward foreign exchange contract to hedge their risk exposure? What are the amounts in each forward contract?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...