1. 25.4a Why do we say that the equity in a leveraged firm is a call option?...

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1. 25.4a Why do we say that the equity in a leveraged firm is a call option? What does the delta of the call option tell us in this context?

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Fundamentals Of Corporate Finance

ISBN: 9781743768051

8th Edition

Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan

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