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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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