Question
ACME Inc., is a New Mexico based producer of concert planos. ACME has a business value (enterprise value) of USD 60 million; an FX business
ACME Inc., is a New Mexico based producer of concert planos. ACME has a business value (enterprise value) of USD 60 million; an FX business exposure of 0.80 relative to the AUD; total net debt of USD 40 million out of which USD 10 million is AUD-denominated. What is ACME's FX equity exposure to the AUD?
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