What is the fx equity exposure of sunshine inc

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Sunshine Inc. is a major exporter of tanning beds. Sunshine's financials are the following: Enterprise Value is USD 20 million; total net debt is 4 million out of which USD 3 million are EUR denominated net debt; Assume that FX business exposure to the EUR is 1.80. Sunshine also has a short position on a 5-year fixed-for-fixed USD/EUR swap with a notional of USD 1 million (assume this is an at-market swap). What is the FX equity exposure of Sunshine Inc.?

Reference no: EM132466355

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