[CFA模拟真题] 2006 CFA Level I －NO106 2006, option, investor, exercise, class

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46．When the underlying stock price is $95, an investor pays $2 for a call option with an exercise price of $95. If the stock price moves to $96, the intrinsic value of the call option would be:

Select exactly 1 answers from the following:

A. -$1. B. $0. C. $1. D. $2.
答案和详解如下！
Feedback: Correct answer: C

Analysis of Derivatives for the CFA Program, Don Chance (AIMR, 2003), pp. 178?79

2006 Modular Level I, Vol. IV, pp. 414-418

Study Session 16-72-a, b

identify the basic elements and describe the characteristics of option contracts;

define European option, American option, moneyness, payoff, intrinsic value, and time value and differentiate between exchange-traded options and over-the-counter options

 

The intrinsic value is $1; a stock priced at $96 can be purchased for $95.

gchh

c

[此贴子已经被作者于2006-11-22 12:44:17编辑过]

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