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

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%.
-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 million strike price
B) Short $700 million in the firm's assets and long a call option with a $700 million strike price
C) Long $700 million in the firm's assets and short a call option with a $200 million strike price
D) Short $700 million in the firm's assets and song a call option with a $200 million strike price