Ques 1: (2 marks) An Omani mining Company exported copper ore for SGD 500,000 to a Singaporean customer, The amount is due to be received after 2 months. The Company expects that the SGD may depreciate and wants to protect against exchange risk. a. Explain how the Omani company can protect itself through a contract in forex market. b. Assume that the Company enters into an option contract at a strike price of 0.28560MR/SGD with 2% premium and the spot rate on the date of maturity is 0.2865 OMR/SGD. Determine the position taken by the Omani Company in Forex market and explain whether the company should exercise the option or not on the date of maturity