You have the following market data. A British pound futures contract expires in 11 months. The annualized, continuously compounded risk-free interest rates in Britain and the U.S. are 1.18% and 3.06%, respectively, from today until expiration. The spot exchange rate between the British pound and the U.S. dollar is $1.701 per British pound.

What is the no-arbitrage futures price (expressed in U.S. dollars)?