An Omani dates dealer enters into a contract with Indian importer to deliver INR 100000 worth of dates on 1st May 2019 payment to be received within one month from the date of delivery. The exchange rate in spot market on the date of transaction is INR 184.254 = 1 OMR. The dates were delivered on 1st June 2019. Assuming that the forward contract price of INR is at a forward discount of 5% for 1st July and the spot rate of INR is expected to depreciate by 5% against OMR by July 2019. a. .Find out the amount of OMR to be received by the dealer if he goes for forward contract to exchange INR to OMR. (4 Marks) b. Find out the amount of OMR to be received by the dealer if he goes for actual price in July (3 Marks) c. If the dealer has an option to sell the INR in July at 4 % depreciated value of OMR from May spot rate with 6% premium, should he accept the option. If he accepts the options find out the amount of OMR received by him and the difference between option price and actual price.