9. The Brazilian real is trading at 0.375 real per U.S. dollar. What is the U.S. dollar

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9. The Brazilian real is trading at 0.375 real per U.S. dollar. What is the U.S. dollar per real exchange rate? 10. The Mexican peso is trading at 10 pesos per dol- lar. If the expected U.S. inflation rate is 2% while the expected Mexican inflation rate is 23% over the next year, what is the expected exchange rate in one year?

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