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Problem 4: ACME Inc. is a New Mexico based producer of concert pianos. ACME has a (enterprise value) of USD 60 million; an FX business

Problem 4: ACME Inc. is a New Mexico based producer of concert pianos. ACME has a (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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