[CFA level 1模拟真题]Version 4 Questions－Q46 medium, border, assets, directly, face

cfaedu

Q46. 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

cfaedu

答案和详解如下：

Q46.   C  Study Session 17-73-c

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.