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Question 14 Not yet answered Marked out of 2.00 P Flag question Al Khayar Company (Oman) produces and sells office furniture and lumber is one

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Question 14 Not yet answered Marked out of 2.00 P Flag question Al Khayar Company (Oman) produces and sells office furniture and lumber is one of the essential materials in production. In the coming year, it is expected that there will be a scarcity in the supply of lumber. To protect itself from the risk of shortage in lumber, Al Khayar makes a forward contract with a supplier of lumber in Oman. Depending on this contract, Al-Khayar company will receive 9600 tons of lumber and make payment 1 year later. At the maturity date of the contract, the actual rate is 141 OMR/ton. The contract causes 50690 profit to Al-Khayar. Using the given information find the contract rate. Select one: O a. 146.2802 Ob. 135.7198 O c. 141.5280 Od. 193.8021

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