5. (1 point) You live in the beautiful country of Meiguo, which uses the Meiguo dollar (MGD) as its currency. Another country, Yingguo, uses the Yingguo pound (YGP) as its currency. The current spot exchange rate is MGD 2.40 per YGP. The interest rate to borrow or lend YGP is 10% per year, compounded once per year. The interest rate to borrow or lend MGD is 5% per year, compounded once per year. What is the proper current forward price (expressed as MGD YGP) of a one-year forward contract to deliver MGD and receive YGP