Assume no locational arbitrage in the spot markets. Also you are a strong believer in purchasing power parity. The spot rate of the British Pound is $1.60. The spot rate of the swiss franc is 0.3 pounds. you expect that the one year inflation rate is 7 percent in the U.K. 5 percent in Switzerland and 1 percent in the U.S. The one year interest rate is 6% in the U.K, 2% in Switzerland and 4% in the U.S. What is your expected spot rate of the swiss franc in two year with respect to the U.S dollar? Show your work