2008 CFA Level 1 － Sample 样题(2)－Q46 style, black, class

bingning

46、Do options and futures, respectively, most directly reveal the prices or the volatility of their underlying assets?

	Options	Futures
A.	Prices	Prices
B.	Prices	Volatility
C.	Volatility	Prices
D.	Volatility	Volatility

A. Answer A

B. Answer B

C. Answer C

D. Answer D

[此贴子已经被作者于2008-11-7 13:09:22编辑过]

bingning

46、Do options and futures, respectively, most directly reveal the prices or the volatility of their underlying assets?

	Options	Futures
A.	Prices	Prices
B.	Prices	Volatility
C.	Volatility	Prices
D.	Volatility	Volatility

A. Answer A

B. Answer B

C. Answer C

D. Answer D

 
Correct answer = C

"Derivative Markets and Instruments," Don M. Chance
2008 Modular Level I, Vol. 6, pp. 20-22
Study Session 17-70-c
discuss the purposes and criticisms of derivative markets
The volatility of the underlying asset is critical to the value of an option. Options reveal more about volatility than about spot prices. Futures, forwards, and swaps are more directly related to price discovery. 

jadebaohui

thx 4 dat.

fatiger

k

jzwx

c

ascendjiji

[em02]

oleander

b

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真帮啊

isaisaisa

c

leeh

up