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Problem 4: ACME Inc. is a New Mexico based producer of concert pianos. ACME has a business value (enterprise value) of USD 60 million;
Problem 4: ACME Inc. is a New Mexico based producer of concert pianos. ACME has a business value (enterprise value) of USD 60 million; an FX business exposure of 2.20 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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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
