Current interest rates are $i_{\text{\$}}=4\%$;$i_{lon}=6\%.$ Expected interest rates next year are: $i_{\text{\$}}=7\%$;$i_{lon}=3\%.$ The expected spot rate in two years is $S_2(\frac{\text{\$}}{})=1\mathrm{.}1.$ Use the asset market approach to compute the current spot rate So$($$$/).$ Please type in the number without the currency signs. For example, if your answer is $$\frac{1\mathrm{.}25}{},$ then type in $1\mathrm{.}25$ as your final answer. Please keep at least three decimal places $($up to $5$ decimal places$).$