Problem
The price of Gatto Nero's shares increased from CHF 66.81 (per share) on 1/1/2022 to CHF 70.38 on 1/1/2023. Gatto Nero has about 1 million shares outstanding. During that period, the Swiss franc (CHF) appreciated from EUR 1.0/CHF to EUR 1.02/CHF. Based on this information, what was Gatto Nero's economic exposure to the euro?
• CHF 178.5 million
• CHF -178.5 million
• CHF 182.07 million
• CHF -182.07 million
• EUR 17.85 million
• EUR -17.85 million
• EUR 178.5 million
• EUR -178.5 million
• EUR 182.07 million
• EUR -182.07 million.