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Question 4 Not yet answered Marked out of 4.00 P Flag question Star Company (Oman) made an import from a foreign supplier worth 9 million

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Question 4 Not yet answered Marked out of 4.00 P Flag question Star Company (Oman) made an import from a foreign supplier worth 9 million EURO () and payment will be made to supplier 9 months later. The exchange rate is now: 1 Euro = 0.38 OMR. To hedge from FOREX risk, Star Company makes a forward contract with Bank Dhofar. In contract, Star Company will receive Euro, at a rate of: 1 Euro = 0.53 OMR. 9 Months Later rate is: 1 Euro = 0.52 OMR. What is the total profit or loss of Star Company? Select one: O a. 90000 Ob. -1260000 Oc. -0.140 O d. -90000

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