求问一道题~ position, current, assets, better, option

jawz

to what sort of option on the counterparty's assets can the current exposure of a credit-risky position better be compared?
a. A short call
b. A short put
c. A short knock-in call
d. A binary call















答案是B，最后可以解释一下这个题目啥意思~什么叫compared。。。

dandman

因为 持有一个有credit risk bond 相当于持有一个riskfree bond 和short put, 或者反过来看long a risky asset and long a put can secure a riskfree return。

题目中的compare 是和题目开始的to 连在一起看的，相当于问你持有一个风险资产相当于持有一个什么类型的期权。