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In 2019, Salalah Trading company made an agreement with a French company to Purchase commodities worth 2249106 EURO () and payment will be made to

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In 2019, Salalah Trading company made an agreement with a French company to Purchase commodities worth 2249106 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 14857. you are requested to determine the actual rate of OMR/ that the company executed. Select one: O a 0.4784 OMR/E O b. 0.4816 OMR/E Oc. All the given choices are not correct O d. 0.4986 OMR/E O.0.4916 OMR/E

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