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:54 moodle 1.du.edu.om III Question 30 Not yet answered Marked out of 2.00 P Flag question XPS Bank (Oman) makes a future contract at Dubai

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:54 moodle 1.du.edu.om III Question 30 Not yet answered Marked out of 2.00 P Flag question XPS Bank (Oman) makes a future contract at Dubai Securities Market which involves the sale of 48 Million USD for receiving OMR. At the date the contract is signed, the rate was 0.381 OMR/USD. The contract has a 6-month maturity and at the time of maturity, the actual rate of USD is 0.391 OMR/USD. By the end of the contract, XPS makes 51300 OMR of profit. Using the given information find the contract rate. Select one: O a. 0.3921 Ob. 0.3821 Oc. 0.3899 O d. 0.3799

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