标题: Reading 70: Option Markets and Contracts LOSm习题精选 [打印本页]
作者: honeycfa 时间: 2010-4-26 14:36 标题: [2010] Session 17 - Reading 70: Option Markets and Contracts LOSm习题精选
LOS m: Explain how cash flows on the underlying asset affect put-call parity and the lower bounds of option prices.
The lower bound on European put option prices can be adjusted for cash flows of the underlying asset by:
A) |
subtracting the present value of the expected dividend payments from the exercise price. | |
B) |
adding the present value of the expected dividend payments to the current asset price. | |
C) |
subtracting the present value of the expected dividend payments from the current asset price. | |
The correct adjustment is to subtract the present value of the expected dividend payments from the current asset price.
作者: honeycfa 时间: 2010-4-26 14:36
The lower bound on European call option prices can be adjusted for cash flows of the underlying asset by:
A) |
adding the present value of the expected dividend payments to the current asset price. | |
B) |
subtracting the present value of the expected dividend payments from the exercise price. | |
C) |
subtracting the present value of the expected dividend payments from the current asset price. | |
The correct adjustment is to subtract the present value of the expected dividend payments from the current asset price.
作者: honeycfa 时间: 2010-4-26 14:36
The put-call parity relation can be adjusted for dividend payments on a stock by which of the following methods?
A) |
Add the present value of the expected dividend payments to the exercise price. | |
B) |
Subtract the present value of the expected dividend payments from the current stock price. | |
C) |
Add the present value of the expected dividend payments to the current stock price. | |
The correct adjustment is to subtract the present value of the expected dividend payments from the current stock price.
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