Suppose in Tanzania the interest rate is $9\%$ and inflation is expected to be $4\%$ meanwhile

the expected inflation rate in Uganda is $12\%$ and the Kenyan interest rate is $15\%.$

Required:

$($i$)$ To the nearest whole number, what is the best estimate of the one year for$-$ward

exchange rate premium $/$ discount at the KES will be selling relative to UGS?