[Solved] The 180-day forward rate for the Brazilia

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The 180-day forward rate for the Brazilian real (BRL) is $0.21, while the current BRL spot rate is $0.20. What is the annualized forward premium

The 180-day forward rate for the Brazilian real (BRL) is $0.21, while the current BRL spot rate is $0.20. What is the annualized forward premium or discount of the BRL? Express your answer in percentage terms.

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