On April 2, 2015, the spot exchange rate between U.S. $ and the euro was$1.0874/, the one-year US$ LIBOR interest rate was 0.69235% and the one-year euro LIBOR interest rate was 0.1950%. If the interest rate parity (the exact formula) holds, what is the forward exchange rate between U.S. $ and the euro (dollars per euro)? (Sources of information: Exchange rate Federal Reserve; LIBOR rates Global Rates.com)

Your answer:_____________ $/ (U.S. dollars per euro)