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Consider a six-month at-the-money (ATM) ...

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题目

Consider a six-month at-the-money (ATM) European call option on a non-dividend-paying stock with a current price of $80.00. Peter the Risk Analyst has employed a two-step (i.e., three months per step) binomial model to price the option, as displayed below:「huixue_img/importSubject/1564170385849716736.png」Peter's model matches the up and down movements to his estimate of the stock's prospective volatility, which he assumes is 34.0% per annum. The risk-free rate is 4.0%. Which of the following is nearest to the risk-neutral probability of the stock price going up in a single step?

选项

A.45.61%

B.46.44%

C.48.70%

D.52.52%

答案

C

解析

「huixue_img/importSubject/1564170385929408512.png」