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Al Khayar Company (Oman) produces and sells office furniture and lumber is one of the essential materials in production. In the coming year, it is

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Al Khayar Company (Oman) produces and sells office furniture and lumber is one of the essential materials in production. In the coming year, it is expected that there will be a scarcity in the supply of lumber. To protect itself from the risk of shortage in lumber, Al Khayar makes a forward contract with a supplier of lumber in Oman. Depending on this contract, Al-Khayar company will receive 8700 tons of lumber and make payment 1 year later. At the maturity date of the contract, the actual rate is 169 OMR/ton. The contract causes 56410 profit to Al-Khayar. Using the given information find the contract rate. Select one: O a. 233.8391 O b. 169.6484 OC 175.4839 O d. 162.5161

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