ashboard 7 My courses FINA 416-50-20202 / Exams and Assignments / FINAL EX Question 12 Q! Not yet 1 answered Marked out of 2.00 10 P Flag question 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 10900 tons of lumber and make payment 1 year later. At the maturity date of the contract, the actual rate is 191 OMR/ton. The contract causes 54220 profit to Al-Khayar. Using the given information find the contract rate. 19 28 Finish Timel Select one: a. 191.4974 b. 195 9743 ec. 186.0257 Od 24037431 Previous page Next page TOSHIBA