The option theoretic approach to debt and equity discussed in lectures demonstrates that the payoff to debtholders is a portfolio that can be deconstructed into two positions: riskless debt and a short position in a put option Consider a firm that has a debt of $50 million due in 3 months' time. The market value of the firm's assets is currently $60 million. Assuming that the market value of assets does not change over the next 3 months, which of the following alternatives is closest to the payoff to debtholders from the short put option component of their portfolio Need more information $10m $0 $50 million -$10 million