U.S. and Colombia have an intense trade relationship and share the same real interest rate, equal to 3%. You are told that the expected inflation over the next 90 days is 6 percent for U.S. and 21 percent in Colombia. The forward rate, as indicated in a 90 day currency forward contract on the Colombian currency, is valued at $.40. Interest rate parity holds. Based on this information, can you determine the spot rate of the Colombian currency? If so, compute it. If not, explain why. U.S. and Colombia have an intense trade relationship and share the same real interest rate, equal to 3%. You are told that the expected inflation over the next 90 days is 6 percent for U.S. and 21 percent in Colombia. The forward rate, as indicated in a 90 day currency forward contract on the Colombian currency, is valued at $.40. Interest rate parity holds. Based on this information, can you determine the spot rate of the Colombian currency? If so, compute it. If not, explain why