2008 CFA Level 1 － Sample 样题(3)－Q55 option, investor, exercise, class, face

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55、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:

A. -$1.

B. $0.

C. $1.

D. $2.

 

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答案和详解如下：

55、Correct answer is C

"Option Markets and Contracts," Don M. Chance

2008 Modular Level I, Vol. 6, pp. 96-98

Study Session 17-73-f

define intrinsic value and time value, and explain their relationship

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

 

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