FX & country risk premiums in CAPM???

I don't have the mental stamina to read through 130 pages by Damodaran on the subject, so if anyone can explain this to me in a nice comprehensible way I'd be very thankful.

I know country risk premium is the country's default spread * equity volatility/bond volatility, but how is it incorporated into CAPM? I don't know enough about currency risk either (in the context of CAPM). This question came up in a valuation interview and I handled it in the worst way possible. Would genuinely appreciate any help here.

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