Correct answer = D
"Option Markets and Contracts," Don M. Chance
2008 Modular Level I, Vol. 6, pp. 103-104
Study Session 17-73-h
calculate and interpret the lowest prices of European and American calls and puts based on the rules for minimum values and lower bounds
The lower bound on a European call is either zero or the underlying asset's price minus the present value of the exercise price, whichever is greater.
$1200 - ($1160 / 1.040.25) = $51.32.
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发表于 2008-6-1 01:40
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