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Problem 9: Spade & Brothers has a market equity of USD 190 million. Spade also has USD 80 million in USD denominated net debt. Spades

Problem 9: Spade & Brothers has a market equity of USD 190 million. Spade also has USD 80 million in USD denominated net debt. Spades FX business exposure is 2.17. What is Spades FX equity exposure?

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