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Suppose the spot rate and the 90-day forward rate on the Brazilian real are 5.1101 and 5.1273, respectively. If the three-month interest rate on dollars

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Suppose the spot rate and the 90-day forward rate on the Brazilian real are 5.1101 and 5.1273, respectively.

If the three-month interest rate on dollars is 0.40%, what do you think is the three-month interest rate on the Brazilian real?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

Suppose the spot rate and the 90-day forward rate on the Brazilian real are 5.1101 and 5.1273 , respectively. If the three-month interest rate on dollars is 0.40%, what do you think is the three-month interest rate on the Brazilian real? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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