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Why it is non of the above? (e) A long position in risky debt can be represented as a portfolio consisting of: O A long

Why it is non of the above?

(e) A long position in risky debt can be represented as a portfolio consisting of: O A long straddle on the value of the rm. O A short strangle on the value of the rm. O A long call and a long position in the assets of the rm. \\/ None of the above

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