Suppose 90-day investments in Britain have a 6% annualized return and a 1.5% quarterly (90-day) return. In the U.S., 90-day investments of similar risk have a 4% annualized return and a 1% quarterly (90-day) return. In the 90-day forward market, 1 British pound equals $1.4538.If interest rate parity holds, what is the spot exchange rate in dollars per British pound?Enter your answer rounded to four decimal places.Do not enter $ or comma in the answer box.For example, if your answer is $12,300.45678 then enter as 12300.4568 in the answer box.