You are a financial adviser to a U.S. corporation that expects to receive a payment of 40

Question:

You are a financial adviser to a U.S. 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 U.S. dollar (E$/¥ = 0.01000). You are concerned that the U.S. dollar is going to appreciate against the yen over the next six months.
a. Assuming the remains unchanged, how much does your firm expect to receive in U.S. dollars?
b. How much would your firm receive (in U.S. dollars) if the dollar appreciated to 110 yen per U.S. dollar (E$/¥ = 0.00909)?
c. Describe how you could use an options contract to hedge against the risk of losses associated with the potential appreciation in the U.S. dollar.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... 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...