A customer wants to buy a $50$m against dollars $6-$month forward

from a bank. The $6-$month sterling interest rate is $4\%,$ the $6$ month

dollar interest rate is $3\%.$ The spot bid rate is $1\mathrm{.}3110$ $$/,$ while the

spot ask$/$offer is $1\mathrm{.}3132$ $$/.$ Calculate the $6-$months forward

exchange rate on the assumption that the covered interest rate

parity holds.