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An investor owns Euro10M 3-year 4% bond. The investor wants to convert the bond to $ exposure. The current 3-year Euro to $ swap rate

An investor owns Euro10M 3-year 4% bond. The investor wants to convert the bond to $ exposure. The current 3-year Euro to $ swap rate is 3.5% Euro versus $ Libor. The current $/E FX rate is $1.10. What is the net $ exposure

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