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Question 8 Not yet answered Marked out of 2.00 P Flag question In 2019, Salalah Trading company made an agreement with a French company to
Question 8 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 2233687 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 18465. you are requested to determine the actual rate of OMR/ that the company executed. Select one: O a. 0.5003 OMR/ O b. All the given choices are not correct O c. 0.4767 OMR/ O d. 0.4833 OMR/ Oe. e. 0.4933 OMR/ III O
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