7-An Omani trader expects to receive USD 500,000 in one month. The current spot rate for US dollars against OMR is $2.8000 = 1 OMR and the one- month forward rate is quoted as $2.6000 = 1 OMR. If Omani trader uses a forward exchange contract, how much will be received in OMR? O a. OMR 195,694.7162 O b. OMR 192,307.6923 O c. OMR 200,000 O d. None of the option
7-An Omani trader expects to receive USD 500,000 in one month. The current spot rate for US dollars against OMR is $2.8000 = 1 OMR and the one- month forward rate is quoted as $2.6000 = 1 OMR. If Omani trader uses a forward exchange contract, how much will be received in OMR? O a. OMR 195,694.7162 O b. OMR 192,307.6923 O c. OMR 200,000 O d. None of the option
Chapter22: International Financial Management
Section: Chapter Questions
Problem 10P
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47-An Omani trader expects to receive USD 500,000 in one month. The current spot rate for US dollars against OMR is $2.8000 = 1 OMR and the one- month forward rate is quoted as $2.6000 = 1 OMR. If Omani trader uses a forward exchange contract, how much will be received in OMR?
O a. OMR 195,694.7162
O b. OMR 192,307.6923
O c. OMR 200,000
O d. None of the options
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