An Omani businessman has just completed transactions in UAE. He is now holding AED 880,000 and $120,000 wants to convert it to Omani rial (OMR). His currency dealer provides this quotation: Bid Ask...

An Omani businessman has just completed transactions in UAE. He is now holding AED 880,000 and $120,000 wants to convert it to Omani rial (OMR).

His currency dealer provides this quotation:

                               Bid         Ask

USD/AED      0.2722   -    08

OMR/USD   0.3846     -    04

What are his proceeds from conversions?