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(5 points) Assume that as of November 1, 2016, the exchange rate between the Brazilian real and U.S. dollar was R$1.99/S (RS is the symbol

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(5 points) Assume that as of November 1, 2016, the exchange rate between the Brazilian real and U.S. dollar was R$1.99/S (RS is the symbol for the Brazilian currency). The consensus forecast for the U.S. and Brazilian inflation rates for the next one-year period is 2.6% and 20%, respectively. What would you forecast the exchange rate to be on November 1, 2017

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