2015年5月FRM考试真题解.pdfVIP

  1. 1、本文档共4页,可阅读全部内容。
  2. 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
  3. 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  4. 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
  5. 5、该文档为VIP文档,如果想要下载,成为VIP会员后,下载免费。
  6. 6、成为VIP后,下载本文档将扣除1次下载权益。下载后,不支持退款、换文档。如有疑问请联系我们
  7. 7、成为VIP后,您将拥有八大权益,权益包括:VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
  8. 8、VIP文档为合作方或网友上传,每下载1次, 网站将根据用户上传文档的质量评分、类型等,对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档
查看更多
北京国际金融培训中心(金程北京) 金程教育WWW.GFEDU.NET 专业·领先·增值 2015 年5 月考试真题解析 1. A company is expected to announce the terms of a materially important contract negotiation in early April. A trader expects the company’s stock to be range-bound until then and has entered into a position that is short 100 March calls with a strike price of USD 50 and long 100 April calls with a strike price of USD 50. After some consideration, the risk committee believes there is a possibility that the news will be released in mid-March and informs the trade of this change. Based on the new information, the trader sells the 100 April calls and buys 50 March calls with a strike at 9 USD 30 and 50 March calls with a strike at USD 70. What types of positions did the k trader have? w A A. The original position was long a call spread and the final position was long a F C strangle B. The original position was long a calendar spread and the final position was long 信 a butterfly spread. 微 加 C. The original position was long a reverse calendar spread and the final position was long a call spread. 习 D. The original position was long a calendar spread and the final position was short 学 a butter

文档评论(0)

没事就上传 + 关注
实名认证
文档贡献者

该用户很懒,什么也没介绍

1亿VIP精品文档

相关文档