Question 4b
Marking Guide
| discussion of using options the value equity | 4-5 |
| discussion of using options to access default risk | 2-3 |
| discussion of financial distress and time value of an option | 2-3 |
| max | 9 |
| discussion of using options the value equity | 4-5 |
| discussion of using options to access default risk | 2-3 |
| discussion of financial distress and time value of an option | 2-3 |
| max | 9 |