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The gain on a call is computed as: Multiple Choice [Firm's value net of debt + Exercise price(w]/(N + Nw). ) Firm's value net of

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The gain on a call is computed as: Multiple Choice [Firm's value net of debt + Exercise price(w]/(N + Nw). ) Firm's value net of debt/N-Exercise price. o o [Firm's value net of debt + Exercise price (Ny]. o ) Firm's value net of debt/(N + N) - Exercise price. o (Firm's value net of debt - Exercise pricey N

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