Which of the Following Best Describes Galt's Debt Using a Call

question 15

Multiple Choice

Which of the following best describes Galt's debt using a call option?

• A)Long $700 million in the firm's assets and Short a call option with a $700 strike price
• B)Short $700 million in the firm's assets and Long a call option with a $700 strike price
• C)Long $700 million in the firm's assets and Short a call option with a $200 strike price
• D)Short $700 million in the firm's assets and Long a call option with a $200 strike price

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