Suppose Backwoods Chemical Limited is financed partly by a zero-coupon bond that has a two-year maturity. The market value of the company's total assets is $1,290, and the annual standard deviation of its assets value (o) is 43%. The risk-free interest rate is 5%. The company's book-value balance sheet is: Backwoods Chemical Company (Book Values) Net working capital 490 S 1,690 $ 2,180 $ 1,090 S 1,090 S 2,180 Debt Equity (net worth) Total value Net fixed assets Total assets QUESTIONS 1. Consider the shareholder's investment in the equity of Backwoods as a financial option. What type of option (call or put) is this option? What is shareholder's position (long or [2 marks] short) in this option