If You Consider Bondholders to Be the Owners of a Firm,then

If you consider bondholders to be the owners of a firm,then those bondholders:

A) own a call option on the firm with an exercise price equal to the firm's total equity.
B) own a put option on the firm with an exercise price equal to the firm's total debt.
C) have written a put option on the firm with an exercise price equal to the firm's total equity.
D) have written a call option on the firm with an exercise price equal to the firm's total debt.
E) own a put option on the firm with an exercise price equal to the firm's total assets.