(20") You are a security analyst responsible for following Jaguar's stock after it floats. (Assume the company had 100 million shares outstanding.) What is Jaguar's market value exposure (and delta) with respect to the real dollar/sterling exchange rate? (5") What is Jaguar's free cash flow exposure (and delta) for the years 1985 to 1989 with respect to the real dollar/sterling exchange rate? (5') For the estimates from 1985 to 1989 1) Use PPP to estimate the exchange rate. For example: S1985=(1+/s)/(1+ Iterling) S1984 2). Assume long term debt and liabilities have not changed. (20") You are a security analyst responsible for following Jaguar's stock after it floats. (Assume the company had 100 million shares outstanding.) What is Jaguar's market value exposure (and delta) with respect to the real dollar/sterling exchange rate? (5") What is Jaguar's free cash flow exposure (and delta) for the years 1985 to 1989 with respect to the real dollar/sterling exchange rate? (5') For the estimates from 1985 to 1989 1) Use PPP to estimate the exchange rate. For example: S1985=(1+/s)/(1+ Iterling) S1984 2). Assume long term debt and liabilities have not changed