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The republic of new south brazillia a small developing

The Republic of New South Brazillia, a small developing island country in South Central America is experiencing a very high inflation rate at this time. The annual inflation rate is 40%. If the real rate of interest is 2%, what nominal interest rates must the New South Brazillians get to stay ahead of inflation and still have a reward for waiting?

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Finance Basics: The republic of new south brazillia a small developing

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