Westley Corp. stock is trading for $29 per share. Wesley has 23 million shares outstanding and a market debt-equity of 0.53. Wesley's debt is zero-coupon debt with a 5-year maturity and a yield to maturity of 12%.

A. Describe Wesley's equity as a call option.

What is the maturity call option? (I calculated 1021 years - could you please tell me if this is correct)

The market value of the asset underlying this call option is ___ million. (I think it is 23 million as the debt will be equal - please confirm if this is correct)

The strike price of this call option is $___. (I calculated $623.01 -could you please tell me if this is correct.

B. Describe Wesley's debt using a call option.

(Short/buy) the firm's assets and (long/short) an equity (call/put) option with a strike price equal to $__ million. (My calculations are the following: buy, short, call, and$623.01 - please confirm if this is right.)

C. Describe Wesley's debt using a put option.

(Buy/short) risk-free debt with a ___ -year maturity and $___ million face value and (long/short) a (call/put) option on Wesley's assets with a __-year maturity and strike price of $___ million. (My calculations are the following: buy, 5, 623.01, long, put, 5,and 1021 - please confirm if this is right.)