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Sohar company makes a put option with Dhofar company to sell 1600 tons of petroleum at a rate of 208.7 per ton to be exercised

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Sohar company makes a put option with Dhofar company to sell 1600 tons of petroleum at a rate of 208.7 per ton to be exercised six months later. At the time of contract is signed, 1 ton of petroleum is 202 OMR. Six months later, Sohar company exercises the option and makes 6700 OMR of profit. Calculate the actual price on the date of exercise. Select one: a. 206.188 b. 204.512 c. 212.887 d

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