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Suppose the spot rate and the 90-day forward rate on the Brazilian real are 3.3184 and 3.3393, 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 3.3184 and 3.3393, respectively. If the three-month interest rate on dollars is 19%, what do you think is the three-month interest rate on the Brazilian real? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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