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Question 5 Not yet answered Marked out of 2.00 P Flag question In 2019, Salalah Trading company made an agreement with a French company to

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Question 5 Not yet answered Marked out of 2.00 P Flag question In 2019, Salalah Trading company made an agreement with a French company to Purchase commodities worth 1882495 EURO () and payment will be made to the French company one year later. The exchange rate was 2.42 /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 2.11 /OMR. In 2020, The Salalah Trading company executed the forward contract and paid OMR to the bank Muscat and received . you are requested to calculate how much OMR the company paid to the bank Muscat for this contract. Select one: O a. 3972064.45 OMR Ob. 4555637.90 OMR O c. 777890.50 OMR Od. All the given choices are not correct Oe. 892177.73 OMR

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