标题: Reading 71: Option Markets and Contracts-LOS o 习题精选 [打印本页]
作者: 1215 时间: 2011-3-31 12:33 标题: [2011]Session17-Reading 71: Option Markets and Contracts-LOS o 习题精选
Session 17: Derivatives
Reading 71: Option Markets and Contracts
LOS o: 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: 1215 时间: 2011-3-31 12:33
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 current asset price. | |
|
C) |
subtracting the present value of the expected dividend payments from the exercise price. | |
The correct adjustment is to subtract the present value of the expected dividend payments from the current asset price.
作者: 1215 时间: 2011-3-31 12:34
The put-call parity relation can be adjusted for dividend payments on a stock by which of the following methods?
|
A) |
Subtract the present value of the expected dividend payments from the current stock price. | |
|
B) |
Add the present value of the expected dividend payments to the exercise 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.
作者: luqian55 时间: 2011-10-8 12:46
thanks a lot
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