问题 单项选择题

2010年6月9日,某外商投资企业签订购货合同,将于9月9日支付货款100万欧元。目前市场汇率EUR/USD=1.2646,该企业不愿承担市场汇率变动导致成本上升的风险,因此向银行买入欧元期权,并支付期权费2.2万美元,执行价为EUR/USD=1.2700,期限三个月。若9月9日EUR/USD=1.3020,则下列说法正确的是( )。

A.该企业选择行权,节约财务成本1万美元

B.该企业选择行权,节约财务成本3.2万美元

C.该企业选择不行权,损失1万美元

D.该企业选择行权,损失期权费2.2万美元

答案

参考答案:A

解析: 由于9月9日EUR/USD=1.3020,超过了执行价EUR/USD=1.2700,该企业选择行使期权,按1.2700的汇率买入100万欧元,扣除期权费后,企业可节约财务成本1.0万美元:100×(1.3020-1.2700)-2.2=1.0(万美元)。

阅读理解

A Frenchman went to a small Italian town and was staying with his wife at the best hotel there. One night, he went out for a walk alone. It was late and the small street was dark and quiet. Suddenly he felt someone behind him. He turned his head and saw an Italian young man who quickly walked past him. The man was nearly out of sight when the Frenchman suddenly found that his watch was gone. He thought that it must be the Italian who had taken his watch. He decided to follow him and get back the watch.

  Soon the Frenchman caught up with the Italian. Neither of them understood the other's language. The Frenchman frightened the Italian with his fist(拳头) and pointed at the Italian's watch. In the end the Italian gave up his watch to the Frenchman.

  When he returned to the hotel, the Frenchman told his wife what had happened. He was greatly surprised when his wife pointed to the watch on the table. Now he realized that by mistake he had robbed the watch and it was the Italian's.

小题1:The Frenchman went to a small Italian town _______.

A.alone

B.with his wife

C.with his friend

D.with an Italian小题2:The Italian gave up his watch to him at last because ________.

A.he had stolen the watch from the Frenchman.

B.he understood what the Frenchman wanted

C.he had picked up the watch on his w ay from work

D.he was afraid of the Frenchman小题3:Who was robbed of the watch on earth?

A.The Frenchman was.

B.The Italian was.

C.Both of them were.

D.Neither of them was.

单项选择题 案例分析题