A French investor holds 1000 euros. She only can invest in Brazil or the US. The spot exchange rate is 1 euro to 1.2 USD, which is expected to be constant over the following years. e) Determine the interest rate in Brazil so that the investor is indifferent between investing in Brazil and the US. f) How a Euro depreciation would affect e)? g) Suppose the interest rate is beneficial to invest in Brazil. How would the operation work? h) What is the expected return for the investor if the interest rate in Brazil is 6.5%