A$.$ You are the owner of the $$Delicatessen Supreme$$ in Palermo and you travel to the USA to

buy $10$ minivans from Dodge, to serve your customers. The total cost is $$200,000$ and this

amount is payable in $12$ months. You have sufficient cash at your local bank, which pays a

$4\mathrm{.}8\%$ interest rate for $12$ months, to pay for the minivans. Currently, the spot exchange rate is

$$$ $=0\mathrm{.}92,$ the $12-$month forward exchange rate is $$$ $=0\mathrm{.}96,$ while the US interest rate for

a $12-$month investment is $5\mathrm{.}5\%.$ You have two alternatives: $($i$)$ keep your money in Italy and

buy $$200,000$ forward, or $($ii$)$ buy a certain amount of $ today in the spot market and invest it

in the USA for $12$ months, so that the maturity value becomes equal to $$200,000.$ Which

alternative would you prefer?