Suppose that an investor enters into a long forward contract on the British

pound. The contract enables the investors to buy $100,000$ pounds in six months.

The spot exchange rate between the dollar and the pound is $$1\mathrm{.}30/$pound; the six

month U$.$S$.$ rate of interest is $1\%,$ and the six$-$month U$.$K$.$ rate of interest is $2\%.$

What is the forward exchange rate between the dollar and the pound?