举一反三
- The price of a forward contract most likely: A: decreases as the price of the underlying goes up. B: is constant and set as part of the contract specifications. C: increases as market risk increases.
- An American put option gives its holder the<br/>right to _________. A: buy the underlying asset at the exercise price on or before the expiration date B: buy the underlying asset at the exercise price only at the expiration date C: sell the underlying asset at the exercise price on or before the expiration date D: sell<br/>the underlying asset at the exercise price only at the expiration<br/>date
- There are two forward contracts, contract 1 and contract 2, on the same underlying. The underlying makes no cash payments, does not yield any nonfinancial benefits, and does not incur any storage costs. Contract 1 expires in one year, and contract 2 expires in two years. It is most likely that the price of contract 1: A: is equal to the price of contract 2. B: is less than the price of contract 2. C: exceeds the price of contract 2.
- Which of the following is NOT true ( ) A: When a CBOE call<br/>option on IBM is exercised, IBM issues more stock B: An American<br/>option can be exercised at any time during its life C: An call option<br/>will always be exercised at maturity if the underlying asset price is<br/>greater than the strike price D: A put option will<br/>always be exercised at maturity if the strike price is greater than<br/>the underlying asset price.
- An analyst does research about difference between forward market and future market. Compared with contracts in the forward market, contracts in the futures market are least likely to be appropriately described as transactions that are:（） A: public. B: customized according to the counterparts' requests. C: based on an agreement to buy or sell an underlying asset at a future date at a price agreed on today.
内容
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中国大学MOOC: when oil price goes up, British Airways’ stock will
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During its life, the value of a forward contract is most likely equal to the price of the underlying minus the price of the: A: forward. B: forward, discounted over the original term of the contract. C: forward, discounted over the remaining term of the contract.
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If the net cost of carry of an asset is positive, then the price of a forward contract on that asset is most likely: A: lower than if the net cost of carry was zero. B: the same as if the net cost of carry was zero. C: higher than if the net cost of carry was zero.
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Comparing a long position in put option with a short position in call option, we find that ( ). A: both positions have rights but no obligations B: both positions benefit from an increase in the price of the underlying asset C: both positions will lose money if the price of the underlying remains unchanged D: both positions are potential sellers of the underlying asset
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An asset is ________ when another asset can do the job more efficiently.