CFA论坛 - Powered by Discuz! Board

标题: Reading 70: Option Markets and Contracts- LOSl～ Q1-3 [打印本页]

作者: yanghon 时间: 2009-3-2 11:04 标题: [2009] Session 17 - Reading 70: Option Markets and Contracts- LOSl～ Q1-3

LOS l: Explain how cash flows on the underlying asset affect put-call parity and the lower bounds of option prices.

Q1. 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) subtracting the present value of the expected dividend payments from the current asset price.

C) adding the present value of the expected dividend payments to the current asset price.

Q2. The lower bound on European call 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 current asset 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 exercise price.

Q3. 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.

作者: yanghon 时间: 2009-3-2 11:04 标题: [2009] Session 17 - Reading 70: Option Markets and Contracts- LOSl～ Q1-3

LOS l: Explain how cash flows on the underlying asset affect put-call parity and the lower bounds of option prices. fficeffice" />

Q1. 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) subtracting the present value of the expected dividend payments from the current asset price.

C) adding the present value of the expected dividend payments to the current asset price.

Correct answer is B)

The correct adjustment is to subtract the present value of the expected dividend payments from the current asset price.

Q2. The lower bound on European call 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 current asset 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 exercise price.

Correct answer is A)

The correct adjustment is to subtract the present value of the expected dividend payments from the current asset price.

Q3. 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.

Correct answer is A)

The correct adjustment is to subtract the present value of the expected dividend payments from the current stock price.

作者: duo1115 时间: 2009-3-17 11:22

see

作者: erpang8888 时间: 2009-3-17 20:54

a

作者: newstar0001 时间: 2009-3-21 12:44 标题: 11

see

作者: kkingswd 时间: 2009-3-21 23:41

let me see see

作者: dullmul 时间: 2009-4-4 18:20

thx

作者: sorrybabyfish 时间: 2009-4-5 21:45

a

作者: sorrybabyfish 时间: 2009-4-5 21:46

a

作者: ah149 时间: 2009-4-17 13:45

thz

作者: hjl2000 时间: 2009-4-26 12:14

d

作者: kgbvvsscia 时间: 2009-4-27 14:58

thanks

作者: vivianegao 时间: 2009-5-10 10:48

 ok

作者: itispig 时间: 2009-5-15 17:00

thanks

作者: ray0106 时间: 2009-5-16 01:45

D

作者: julian1983 时间: 2009-5-19 17:59

3x

作者: 大狗狗 时间: 2009-5-19 19:04

k

作者: cynthia85 时间: 2009-5-20 19:44

ii

作者: tycao 时间: 2009-5-20 23:00 标题: x

x

作者: yangxi_sisi 时间: 2009-5-21 13:17

d

作者: gracesun 时间: 2009-5-22 08:01

htansk

作者: acacia 时间: 2009-5-22 15:46

thx

作者: acacia 时间: 2009-5-22 15:47

thx

作者: deqiang 时间: 2009-5-23 01:06

 ok

作者: miaozhu 时间: 2009-5-23 19:41

123

作者: powerhql 时间: 2009-5-28 07:36

need an answer

作者: nkding 时间: 2009-5-30 21:32

a

作者: helloalan 时间: 2009-6-6 11:37

 baa

作者: sfc999 时间: 2009-6-15 20:39

thanks a lot

作者: lamchoonho 时间: 2009-8-9 18:49

  thanks

作者: baodexi 时间: 2009-8-10 07:35

谢谢

作者: JP摩根 时间: 2009-8-10 13:52

thanks

作者: lamchoonho 时间: 2009-8-10 21:46

  thanks

作者: luodan0103 时间: 2009-8-24 09:27

thanks

作者: jimli32 时间: 2009-9-26 11:34

baa

作者: xqxgrace 时间: 2009-9-30 19:51

看看啊，谢谢

作者: woshidengl 时间: 2009-10-7 14:34

thanks

作者: htpeng 时间: 2009-10-13 05:28

caa

作者: garmun 时间: 2009-10-30 15:50

 tq

作者: solitute 时间: 2009-11-1 16:37

thanks

作者: lqx1212 时间: 2009-11-4 22:59

ss

作者: bjms912224 时间: 2009-11-6 16:31

 tx

作者: haisian 时间: 2009-11-9 15:02

作者: rockmelon 时间: 2009-11-13 16:33

rock it

作者: njjens 时间: 2009-11-19 05:48 标题: d

d

作者: lqx1211 时间: 2009-11-19 18:33

ss

作者: big36999 时间: 2009-11-20 10:48

thanks

作者: yeks 时间: 2009-11-22 00:22

thanks

作者: yeks 时间: 2009-11-22 00:31

thanks

作者: tin_wo 时间: 2009-11-27 15:32

tk

作者: gracelian 时间: 2009-11-29 15:18

thx

作者: ratpopo 时间: 2009-12-3 15:34

 thx

作者: jrxx999 时间: 2009-12-15 15:15

踩踩踩踩踩踩踩踩踩踩踩踩

作者: Sophie2009 时间: 2010-2-22 02:13

thx

作者: flyingdance_nan 时间: 2010-3-13 03:57

great

作者: zaestau 时间: 2010-4-4 01:31

c

作者: sophia19 时间: 2010-4-4 08:24

c

作者: zuelpich 时间: 2010-4-8 19:59

ok

作者: jhqhj 时间: 2010-4-14 14:35

 baa

作者: aarongreen 时间: 2010-5-3 15:02

谢谢

作者: janelle322 时间: 2010-5-4 15:30

thx

作者: lingicer 时间: 2010-5-8 12:20

 j

作者: shuru1207 时间: 2010-5-11 02:34

thnx

作者: oliilo1986 时间: 2010-5-21 00:59

ads

作者: chenxu200312 时间: 2010-5-26 04:42

d

作者: micynthia 时间: 2010-6-4 17:05

.

作者: jerrywang0 时间: 2010-7-30 12:32

q

作者: casiofd 时间: 2010-8-8 19:53

jj

作者: bobchin 时间: 2010-8-31 18:53

thx

作者: yoyome 时间: 2010-10-2 13:47

th

作者: jc1188 时间: 2010-10-3 12:53

d

作者: heartfc 时间: 2010-10-29 00:58

谢谢楼主的分享

作者: echopapa 时间: 2010-11-15 06:53

thx

作者: seraphiris0116 时间: 2010-11-16 23:45

thanks

作者: hnzjbenson 时间: 2010-11-30 15:08

 boi

作者: khaipinglai 时间: 2010-11-30 18:33

 thanks

作者: taojiaxi 时间: 2010-12-1 16:11

[em50]

作者: nttmdnttmd 时间: 2010-12-2 00:00

khjkdjhkgh

作者: azure_sun 时间: 2010-12-2 12:03

thanks

作者: 0709v 时间: 2011-2-28 21:26

sad

作者: ling007 时间: 2011-3-4 14:11 标题: hi

hi

作者: 0709v 时间: 2011-3-9 22:02

fds

作者: pencil 时间: 2011-3-22 06:12

Thanks

欢迎光临 CFA论坛 (http://forum.theanalystspace.com/)