The British pound futures contract expires in 12 months. Suppose that the annualized, continuously compounded risk-free interest rates in Britain and the U.S. are 0.5% and 0.25%, respectively, from today until expiration. The spot exchange rate between the British pound and the U.S. dollar is $1.5388 per British pound. What is the no-arbitrage futures price (expressed in U.S. dollars) (keep to four decimal places)