An Analyst Is Applying an Integrated-Scenario Approach to Evaluate Operations

Multiple Choice

An analyst is applying an integrated-scenario approach to evaluate operations as well as equity,and the analyst essentially treats equity as a call option on the enterprise value.It is most likely the analysis is of a company that:

A) Is highly levered.
B) Has securitized receivables.
C) Uses income smoothing.
D) Has excess pension assets or liabilities.