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Problem 3: Let's say a company has an FX business exposure of 1.3 to the NZD and an enterprise value of USD 500 million. If

Problem 3: Let's say a company has an FX business exposure of 1.3 to the NZD and an enterprise value of USD 500 million. If this company would like to completely hedge its FX equity exposure to the NZD by issuing NZD-denominated debt, what level (in USD) of NZD-denominated debt would be needed to achieve this

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