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if the interest rate in Brazil is 10 percent and interest rate in USA is 2%, the Spot exchange rate is $1 = 5.16 Brazilian

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if the interest rate in Brazil is 10 percent and interest rate in USA is 2%, the Spot exchange rate is $1 = 5.16 Brazilian Real. Assume that the interest rate parity holds, what must be the one year forward exchange rate between Brazil and the United States.? Explain. Show all your calculations if you want partial credit

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