Daisy Company (Oman) made an import from a foreign supplier worth 10 million USD ($) and payment will be made to supplier 6 months later. The exchange rate is now: 1 USD = 0.27 OMR. To hedge from FOREX risk, Daisy Company makes a forward contract with Bank Muscat. In contract, Daisy Company will receive USD, at a rate of: 1 USD = 0.57 OMR. 9 Months Later rate is: 1 USD = 0.62 OMR. What is the total profit or loss of Bank Muscat? Select one: Oa. -3500000 b. 500000 Oc. -500000 O d. -0.350 Previous page Next page