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Lenders to a corporation (debtholders/debt investors) have which of the following positions: Long a call option on the assets Long a put option and long

Lenders to a corporation (debtholders/debt investors) have which of the following positions:

Long a call option on the assets

Long a put option and long a risk free bond

Short a put option and short a risk free bond

Short a put option and long a risk free bond

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