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Use the following information to answer questions 25 through 28: Duke Inc. is a U.S. producer of spicy cheese products. Duke's balance sheet has USD

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Use the following information to answer questions 25 through 28: Duke Inc. is a U.S. producer of spicy cheese products. Duke's balance sheet has USD 40 million in cash and marketable securities (all of it denominated in USD), USD 200 million in equity USD 60 million in USD-denominated debt, and USD 40 million in EUR-denominated debt. There is no EUR-denominated cash. Duke's business exposure tothe-EURi:mg-1.20. Question 25: What is Duke's FX equity exposure to the EUR? a) 0.76 b) 0.84 c 1.36

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