题目
Which type of option produces discontinuous payoff profiles, meaning that the payoff does not increase or decrease continuously with the underlying asset value?
选项
A.Chooser options
B.Barrier options
C.Binary options
D.Lookback options
答案
C
解析
A. Incorrect. The payoff profile of a chooser option is continuous. B. Incorrect. The payoff profile of a barrier option is continuous. C. Correct. The binary option is the only one that producesdiscontinuous payoff profiles because it pays one price at the expiration ifthe asset value is above the strike price and nothing if the asset price isbelow the strike price. D. Incorrect. The payoff profile of a lookback option is continuous. A不正确的。一个选择期权的收益曲线是连续的。B不正确的。障碍期权的收益曲线是连续的。C正确。二元期权是唯一产生不连续收益的期权，因为如果资产价值高于执行价格，它在到期时支付一个价格，如果资产价格低于执行价格，则不支付任何价格。D不正确的。回望期权的收益是连续的。