Problem $9-18($LG $9-7)$

If the interest rate in the United Kingdom is $9$ percent, the interest rate in the United States is $11$ percent, the spot exchange rate is $$\frac{1\mathrm{.}7421}{}1,$ and interest rate parity holds, what must be the one$-$year forward exchange rate? $($Do not round intermediate calculations. Round your answer to $4$ decimal places. $($e$.$g$.,32\mathrm{.}1616))$

One$-$year forward exchange rate

per BP