What is implied credit spread for russian government bonds

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Suppose the interest on Russian government bonds is 7.5%, and the current exchange rate is 27.1 rubles per dollar. If the forward exchange rate is 27.7 rubles per dollar, and the current U.S. risk-free interest rate is 4.9%,

What is the implied credit spread for Russian government bonds?

The risk-free ruble interest rate is %. (Round to two decimal places.)

Reference no: EM131356146

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