Maltese Falcon: The Black Bird. Imagine that the mythical solid gold falcon, initiaily irkended as a trbute by the Knights of Malta 10 the King of Spain in apprecation for his gift of the island of Maita to the order in 1530 , has recently been recovered. The falcon is 14 inches high and solid goid, weighing approximately 48 pounds, Assume that goid prices have risen to $435 ounce, primarly as a result of increasing political tensions. The falcon is currently held by a private investor in lstanbul, who is activey negotiating with the Ma tese goverment or its purchase and prospective return to its island home. The sale and payment are to take place one year from now, and the parties are negctating over the pnce and oarrency of payment. The investor has decided, in a show of goochil, to base the sales price coly on the facon's specie value-its gold value. The cirrent spot exchange rate is o.390t Matese iira (ML) per 1.00 U.S, dollar. Maltese infiation is expected to be about 8.504% for the coming year, while U.S. inflation, on the theels of a doubie-dp recession, is expected to corre in a only 1.497%. If the investor bases value in the U.S. dollar, would he be better oft receiving Mallese ira in one year (assuming purchasing power partyl or receiving a guarteed doca payment (assuming a gold price of $417 per ounce one year trom now?? Maltese Falcon: The Black Bird. Imagine that the mythical solid gold falcon, initially intended as a tribute by the Knights of Malta to the King island of Malta to the order in 1530 , has recently been recovered. The falcon is 14 inches high and solid gold, weighing approximately 48 pour $435 /ounce, primarily as a result of increasing political tensions. The falcon is currently held by a private investor in istanbul, who is actively ne its purchase and prospective return to its island home. The sale and payment are to take place one year from now, and the parties are negotia payment. The investor has decided, in a show of goodwill, to base the sales price only on the falcon's specie value - its gold value. The currer lira (ML) per 1.00 U.S. dollar. Maltese inflation is expected to be about 8.504% for the coming year, while U.S. inflation, on the heels of a doub only 1.497%. If the investor bases value in the U.S. dollar, would he be better off recelving Maitese lira in one year (assuming purchasing pow payment (assuming a gold price of $417 per ounce one year from now)? If the investor bases his gross sales proceeds in U.S. dollars, the guaranteed dollar payment yieids $ (Round to the nearest cent.)