Problem

Deriving the Forward Rate Premium Assume that the spot rate of the Brazilian real is $.3...

Deriving the Forward Rate Premium Assume that the spot rate of the Brazilian real is $.30 today. Assume that interest rate parity exists. Obtain the interest rate data you need from Bloomberg.com to derive the 1-year forward rate premium (or discount), and then determine the 1-year forward rate of the Brazilian real.

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