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Which of the following statements about embedded options NOT true? a.Equity can be viewed as a call option on the firm value. b.Risky debt can

Which of the following statements about embedded options NOT true?

a.Equity can be viewed as a call option on the firm value.

b.Risky debt can be viewed as risk-free debt minus a put option.

c.Risky debt can be viewed as risk-free debt plus a put option.

d.A convertible bond can be viewed as a straight bond plus a call option.

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