罗斯公司理财题库全集(3).docxVIP

Chapter 22 Options and Corporate Finance Multiple Choice Questions 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. option futures forward swap straddle The act where an owner of an option buys or sells the underlying asset, as is his right, is called the option. striking exercising opening splitting strangling The fixed price in an option contract at which the owner can buy or sell the underlying asset is called the options: opening price. intrinsic value. strike price. market price. time value. The last day on which an owner of an option can elect to exercise is the date. ex-payment ex-option opening expiration intrinsic An option that may be exercised at any time up to its expiration date is called a(n) option. futures Asian Bermudan European American An option that may be exercised only on the expiration date is called a(n) option. European American Bermudan futures Asian 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. futures contract call option put option swap forward contract 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. futures contract call option put option swap forward contract A trading opportunity that offers a riskless profit is called a(n): put option. call option. market equilibrium. arbitrage. cross-hedge. The value of an option if it were to immediately expire, that is, its lower pricing bound, is called an options value. strike market volatility time intrinsic The relationship between the prices of the underlying stock, a call option, a put option, and a riskless asset is referred to as the relationship. put-call parity covered call protective put straddle strangle The effect on an options