Estimate the risk-free is Brazilian Reais (BR) based on the following information: – Brazilian gover

Estimate the risk-free is Brazilian Reais (BR) based on the following information:
– Brazilian government bond rate in BR: 7.7%.
– CDS Spread for Brazil (4.0%) – CDS Spread for US (0.5%)
– CDS Spread for Argentina (4.5%)

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