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a? 38. Regarding equity as a call option on the value of the firm, what correspon tion on the value of the firm, what corresponds

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a? 38. Regarding equity as a call option on the value of the firm, what correspon tion on the value of the firm, what corresponds to the exercise price? - a) the face value of firm's debt b) the market value of firm's debt c) the market value of firm's stock d) value of firm's future cash flows

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