You have the following market data.

• Continuously compounded two-year risk-free interest rates in Australia and the U.S. are 4.25% and 3.06%, respectively, per annum.
• Spot exchange rate between the Australian dollar and the U.S. dollar is $0.878 per Australian dollar.

What is the no-arbitrage two-year forward exchange rate (expressed in U.S. dollars)?

Do not round values at intermediate steps in your calculations. Enter your answer in dollars and cents to four decimal places, but omit the $ symbol and commas. For example, enter $1,234.5678 as 1234.5678 as your answer.