A company's assets are currently valued at $440,000. In 24 months, this company's debt matures and needs to be paid off. It has a $340,000 face value due at maturity. The cost of debt is 5% per year.

It is possible to explain and prove that one can view the shareholders of this company as owning a [ Select ] ["warrant", "swap", "exercise price", "put option", "call option", "futures"] on its assets with a [ Select ] ["$100,000", "$200,000", "$240,000", "$300,000", "$340,000", "$440,000", "$540,000", "$640,000"] strike price.