题目 Which of the following options is best described as follows: "A six month call option may only be exercised early on the first day of each month"? 选项 A.Bermudan option. B.American option. [...]
题目 Which of the following is most true about American options? 选项 A.Early exercise is never optimal. B.Early exercise of an American call on a non-dividend paying stock is never optimal. [...]
题目 A bear spread is an option strategy in which the option trader: 选项 A.Purchases a high strike call option and sells a lower strike call option. B.Sells a low strike call option and sells a [...]
题目 Which of the following has the same impact on both American call and put option prices? I.An increase in volatility. II.An increase in the stock price. III.An increase in the risk-free rate. [...]
题目 A call option where early exercise is restricted to certain dates is an example of a(n): 选项 A.lookback option. B.Bermudan option. C.chooser option. D.Asian option. 答案 B 解析 A [...]
题目 A 1-year American put option with an exercise price of $40 will be worth $10.00 at maturity with a probability of 0.25 and $0.00 with a probability of 0.75. The current stock price is $36. The [...]
题目 A short straddle comprises a trading combination of options that: 选项 A.sells a low strike call option and buys a higher strike call option. B.sells a put and call option at the same strike [...]
题目 It may be attractive to exercise an American put option prior to expiration when the underlying stock price is: 选项 A.close to the strike price and risk-free rates are positive. B.above the [...]
题目 What are the minimum values of an American-style and a European-style 3-month call option with a strike price of $80 on a non-dividend-paying stock trading at $86 if the risk-free rate is 3%? [...]
题目 The current stock price of a share is USD 100 and the continuously compounding risk-free rate is 12% per year. The maximum possible prices for a 3-month European call option, American call [...]
