Question: 29. Problem 10.33 (Applying the Value-at-Risk Method) Algo You use today's spot rate of the Brazilian real to forecast the spot rate of the real

 29. Problem 10.33 (Applying the Value-at-Risk Method) Algo You use today's

29. Problem 10.33 (Applying the Value-at-Risk Method) Algo You use today's spot rate of the Brazilian real to forecast the spot rate of the real for one month ahead. Today's spot rate is $0.4512. Assume that you obtain the end-of-montr spot exchange rates of the Brazilian real during the end of each of the last 6 months. Use the value-at-risk method to determine the maximum percentage loss of the Brazilian real over the next month based on a 95 percent confidence level. Do not round intermediate calculations. Round your answer to two decimal places. % Forecast the exchange rate that would exist under these conditions. Do not round intermediate calculations. Round your answer to four decimal places

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