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The Spot Rate (S0) for USD to Australian Dollars (AUD) is USD 0.87 to AUD 1. The riskless rate of interest in the US for

The Spot Rate (S0) for USD to Australian Dollars (AUD) is USD 0.87 to AUD 1.

The riskless rate of interest in the US for 3 months (RUS) is 0.2%. The riskness rate in Australia (Foreign Country) is 1.4%.

According to the Covered Interest Rate Parity relationship, what should be the 3-month Forward rate (F) of USD to AUD? (Note: Your answer should be the number of USD for AUD 1 in the 3-month Forward rate for USD to AUD.)

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