Problem 14 A late penalty of 10% will apply to new answers. Intro Consider the following information about the U.S. and Brazil: U.S. Brazil Expected inflation rate 2% 3% Nominal interest rate 3.8% 4.4% Spot rate 1-year forward rate $0.201 per real $0.184 per real Part 1 Attempt 1/10 for 9 pts. What is the expected exchange rate in one year according to purchasing power parity (in dollars per real)? 3+ decimals Submit