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3 pts Question 18 The current spot rate is quoted as 6,89 .6.98 R/E. 1 year interest rates are 4.2% for BrazBRL) and 132 for

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3 pts Question 18 The current spot rate is quoted as 6,89 .6.98 R/E. 1 year interest rates are 4.2% for BrazBRL) and 132 for the Euro EUR) The 1 year forward rate is 6.32 - 6.51 R/E How much money would you have if you started with 1,000 Brazilian Real and chose to convert your money to Euros, invest for the year in Europe, and bring your money home. Please answer to the nearest unit of currency

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