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Operating exposure is 1.5 to the euro Time 0 Debt & Equity $2000 $300 debt $300 debt $1400 equity Time 1: After euro drops by

Operating exposure is 1.5 to the euro Time 0 Debt & Equity $2000 $300 debt $300 debt $1400 equity Time 1: After euro drops by 12% Q2 debt Q1 $Q3 debt $Q4 equity Equity exposure Q5 Complete the above figure for Q1-5

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