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The claim stockholders have on a company's cash flow with outstanding debt can best be described as: a call option on the firm's assets. an

The claim stockholders have on a company's cash flow with outstanding debt can best be described as:

a call option on the firm's assets.

an interest

-

free bond with the same value as the firm's assets.

a put option on the firm's assets.

a put option on the firm's liabilities.

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