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In 2019, Salalah Trading company made an agreement with a French company to Purchase commodities worth 2431893 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 2431893 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 12353. you are requested to determine the actual rate of OMR/E that the company executed. Select one: Oa. All the given choices are not correct Ob.0.4801 OMR/ O c. 0.4901 OMR/ O d. 0.4971 OMR/ Oe. 0.4799 OMR/C

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