An Omani importer agrees to make a contract with software company in UK. He agrees for payment of GBP 300000 on 1st March 2020. The importer wishes to hedge against an unexpected appreciation in the GBP relative to OMR. The exchange rate in spot market is GBP2.086/OMR. Since GBP will be paid in March, the importer uses future contract at GBP 2.0443/ OMR. In International Monetary Market, the standardized terms are given as below Contract Size: GBP 50000, Delivery Date: April You are required to determine Gain or loss to the Omani Importer ... On maturity date the spot rate between GBP and OMR is GBP 2.00256/OMR ii. On maturity date the spot rate between GBP and OMR is GBP 2.00543/OMR The quotes given are OMR/SGD=0.2717/35; SGD/GBP-1.7695/99 .i. Calculate the percentage spread on the OMR/SGD rate ii. Calculate the percentage spread on the SGD/GBP rate .iii. Calculate the cross rate between OMR and GBP Assume that the spot rate of the Isreli Shekel is USD0.2834439. The expected spot rate one year ?from now is assumed to be USD0.261466. What percentage does this reflect