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XPS Bank(Oman) makes a future contract at Dubai Securities Market which involves the sale of 18 Million USD for receiving OMR At the date the

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XPS Bank(Oman) makes a future contract at Dubai Securities Market which involves the sale of 18 Million USD for receiving OMR At the date the contract is signed, the rate was 0.381 OMR/USD. The contract has a 6-month maturity and at the time of maturity, the actual rate of USD is 0.393 OMR/USD. By the end of the contract, XPS makes 113600 OMR of profit. Using the given information find the contract rate. Select one: O a 0.3747 O b. 0.3873 OC 0.3993 O d. 0.3867

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