罗斯公司理财题库全集44408.docVIP

Chapter 22 - Options and Corporate Finance 22- PAGE 59 Chapter 22 Options and Corporate Finance ? Multiple Choice Questions? 1.?A financial contract that gives its owner the right, but not the obligation, to buy or sell a specified asset at an agreed-upon price on or before a given future date is called a(n) _____ contract.?A.?optionB.?futuresC.?forwardD.?swapE.?straddle ? 2.?The act where an owner of an option buys or sells the underlying asset, as is his right, is called ______ the option.?A.?strikingB.?exercisingC.?openingD.?splittingE.?strangling ? 3.?The fixed price in an option contract at which the owner can buy or sell the underlying asset is called the options:?A.?opening price.B.?intrinsic value.C.?strike price.D.?market price.E.?time value. ? 4.?The last day on which an owner of an option can elect to exercise is the _____ date.?A.?ex-paymentB.?ex-optionC.?openingD.?expirationE.?intrinsic ? 5.?An option that may be exercised at any time up to its expiration date is called a(n) _____ option.?A.?futuresB.?AsianC.?BermudanD.?EuropeanE.?American ? 6.?An option that may be exercised only on the expiration date is called a(n) _____ option.?A.?EuropeanB.?AmericanC.?BermudanD.?futuresE.?Asian ? 7.?A _____ is a derivative security that gives the owner the right, but not the obligation, to buy an asset at a fixed price for a specified period of time.?A.?futures contractB.?call optionC.?put optionD.?swapE.?forward contract ? 8.?A _____ is a derivative security that gives the owner the right, but not the obligation, to sell an asset at a fixed price for a specified period of time.?A.?futures contractB.?call optionC.?put optionD.?swapE.?forward contract ? 9.?A trading opportunity that offers a riskless profit is called a(n):?A.?put option.B.?call option.C.?market equilibrium.D.?arbitrage.E.?cross-hedge. ? 10.?The value of an option if it were to immediately expire, that is, its lower pricing bound, is called an options