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Assume an underlying non-dividend-paying...

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题目

Assume an underlying non-dividend-paying stock has a current price of $40.00 with volatility of 25.0% per annum while the risk-free rate is 4.0% per annum. The price of a six-month, at-the-money (maturity = 0.5 years, strike = $40.00) call option on the stock is $3.20 where N(d1) = 0.580 and N(d2) = 0.510. Which is NEAREST to the price of a binary asset-or-nothing call option with the same strike price and maturity?

选项

A.$3.20

B.$20.00

C.$23.20

D.$40.00

答案

C

解析

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