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XPS Bank(Oman) makes a future contract at Dubai Securities Market which involves the sale of 45 Million USD for receiving OMR. At the date the
XPS Bank(Oman) makes a future contract at Dubai Securities Market which involves the sale of 45 Million USD for receiving OMR. At the date the contract is signed, the rate was 0.387 OMR/USD. The contract has a 6-month maturity and at the time of maturity, the actual rate of USD is 0.394 OMR/USD. By the end of the contract, XPS makes -141400 OMR of loss. Using the given information find the contract rate. Select one: O a. 0.3901 O b. 0.3971 O c. 0.3909 O d. 0.3839 Clear my choice
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