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II. 1:0 moodle 1.du.edu.om III In 2019, Salalah Trading company made an agreement with a French company to Purchase commodities worth 2075068 EURO () and

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II. 1:0 moodle 1.du.edu.om III In 2019, Salalah Trading company made an agreement with a French company to Purchase commodities worth 2075068 EURO () and payment will be made to the French company one year later. The exchange rate was 0.4750 OMR/. The Salalah Trading company decided to hedge the entire value of the commodities in anticipation of an increase in the value of the euro by entering into a forward contract to buy the euro from Bank Muscat at 0.4850 OMR/. In 2020, The Salalah Trading company executed the forward contract and made a net profit of 13212. you are requested to determine the actual rate of OMR/ that the company executed. Select one: O a. 0.4814 OMR/ Ob.0.4914 OMR/E O c.0.4984 OMR/E Od. All the given choices are not correct O e. 0.4786 OMR/

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