Consider an investment in the risk-free British government bills paying 7% annual interest rate in British pounds. Let the current exchange rate is $1.90 per pound and an U.S investor wishes to invest $50,000 in U.K. for a year. If the current futures exchange rate in one year is Fo = $1.85 per pound. Compute the riskless return US investor can obtain using the futures contact. State explicitly the positions that he has to take in order to achieve the return. What will be his total investment value in dollar at the end of the year