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Two enterprises, X and Y, own 100% of the stock of JV, a jointventure. All the equity, $10 million, is equity at risk. X and

Two enterprises, X and Y, own 100% of the stock of JV, a jointventure. All the equity, $10 million, is equity at risk. X and Yhave no involvement in the operation or management of JV, which isthe r 2 answers

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