g Maltese​ Falcon: The Black Bird. Imagine that the mythical solid gold​ falcon, initially intended as a tribute by the Knights of Malta to the King of Spain in appreciation for his gift of the island of Malta to the order in​ 1530, has recently been recovered. The falcon is 14 inches high and solid​ gold, weighing approximately pounds. Assume that gold prices have risen to ​$​/ounce, primarily as a result of increasing political tensions. The falcon is currently held by a private investor in​ Istanbul, who is actively negotiating with the Maltese government on its purchase and prospective return to its island home. The sale and payment are to take place one year from​ now, and the parties are negotiating over the price and currency of payment. The investor has​ decided, in a show of​ goodwill, to base the sales price only on the​ falcon's specie valueits gold value. The current spot exchange rate is Maltese lira​ (ML) per 1.00 U. S. dollar. Maltese inflation is expected to be about ​% for the coming​ year, while U. S.​ inflation, on the heels of a​ double-dip recession, is expected to come in at only If the investor bases value in the U. S.​ dollar, would he be better off receiving Maltese lira in one year​ (assuming purchasing power​ parity), or receiving a guaranteed dollar payment​ (assuming a gold price of ​$ per ounce one year from​ now)?