Question
RainyDay Inc. has a market equity of USD 600 million. RainyDay also has USD 120 million in USD-denominated net debt and USD 80 million in
RainyDay Inc. has a market equity of USD 600 million. RainyDay also has USD 120 million in USD-denominated net debt and USD 80 million in EUR-denominated net debt. RainyDays FX business exposure to the EUR is 2.40. What would RainyDays FX equity exposure be if the company would issue/raise an additional (new) USD 40 million in EUR-denominated debt?
Choices
3.16
5.23
4.50
2.85
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
