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Which of the following payoff below represents a payoff of ZC issued by a company with principal K and company value V min(K,V) max(K-V,0) min(K-V,0)
Which of the following payoff below represents a payoff of ZC issued by a company with principal K and company value V
min(K,V) | ||
max(K-V,0) | ||
min(K-V,0) | ||
NONE OF THE ABOVE |
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