An Omani importer has to pay SGD 100,000 after 60 days. To protect from the risk of appreciation in SGD he purchased an option contract and locked the price at SGD 3.4625 = 1 OMR with 2%. Determine the Gain /loss if the option is exercised, assuming that on maturity the SGD appreciates and the exchange rate is SGD 3.4152 = 10MR in the open market. a. Gain OMR 29,458 b. Loss OMR 29,859 c. None of these d. Gain OMR 401