Current interest rates are $i_{\text{\$}}=4\%$;$i_{}=6\%.$ Expected interest rates

next year are $i_{\text{\$}}=7\%$;$i_{lon}=3\%.$ The expected spot rate in two years

is $S_2(\frac{\text{\$}}{})=1\mathrm{.}19.$ Use the asset market approach to compute the

current spot rate $So(\frac{\text{\$}}{}).$ Please type in the number without

the currency signs. For example, if your answer is $$\frac{1\mathrm{.}25}{},$ then

type in $1\mathrm{.}25$ as your final answer. Please keep at least three

decimal places $($up to $5$ decimal places$).$