Use the Following Information to Answer the Question(s)below

question 32

Multiple Choice

Use the following information to answer the question(s) below.
Galt Industries is trading for $20 per share and has 25 million shares outstanding.Galt Industries has a debt-equity ratio of 0.4 and its debt is zero coupon debt with a ten-year maturity and a yield to maturity of 8%.
-In describing Galt's equity as a call option,the market value of the assets underlying the call option is:

• A)$200 million.
• B)$300 million.
• C)$500 million.
• D)$700 million.

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Definitions:

State and Religion

the relationship or arrangement between a government and religious institutions, varying from separation to integration.

Evangelical Ministers

Religious leaders within the evangelical Christian movement, known for emphasizing personal conversion, the authority of the Bible, and the importance of preaching the gospel.

Itinerant Ministers

Religious leaders or preachers who travel from place to place to spread their faith and serve communities without a permanent church.

Propertied Elites

Individuals or groups who own significant amounts of property or wealth and often have considerable influence or power in society.