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If the domestic interest rate is 24%, the risk premium on domestic assets, , is -7%, and the expected rate of depreciation of the domestic

If the domestic interest rate is 24%, the risk premium on domestic assets, , is -7%, and the expected rate of depreciation of the domestic currency against the foreign currency is -2%, what is the foreign interest rate in percentage terms, given CIP holds? [All variables have a 1-year time frame.]

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