If the interest rate in the United Kingdom is 14 percent, the interest rate in the United States is 10 percent, the spot exchange rate is $1.40/1, and interest rate parity holds, what must be the one-year forward exchange rate? Rownd your calculations/answers to three decimals. Hint: (1+rUS) = 1/S x (1+rUK) x F

O $1.351/1

O $1.375/1

$1.496/1

$1.523/1

O None of the above