John argues that levered equity can be viewed as a call. Jack says that levered equity is

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John argues that levered equity can be viewed as a call. Jack says that levered equity is a put. Who is right? Who is wrong? Can both be correct?


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Fundamentals Of Corporate Finance

ISBN: 9780133507676

3rd Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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