问题 单项选择题

一张3月份到期的执行价格为380美分/蒲式耳的玉米期货看跌期权,如果其标的玉米期货合约的价格为350美分/蒲式耳,权利金为35美分/蒲式耳,其内涵价值为( )美分/蒲式耳。

A.30
B.0
C.-5
D.5

答案

参考答案:A

解析: 内涵价值是指立即履行期权合约时可获取的总利润,与权利金无关。对于看跌期权而言,其内涵价值等于Max{E-ST,0}。则题中看跌期权的内涵价值=380-350=30(美分/蒲式耳)。

阅读理解

阅读理解。

      General Pershing was a great American officer. He was in the American army, and fought in

Europe in the First World War.

      After he died, some people in his hometown wanted to remember him, so they put up a big

statue of him on a horse.

      There was a school near the statue, and some of the boys went there every day on their way to

school and again on their way home. After a few months, some of them began to say "Good morning,

Persiung"whenever they reached the statue, and soon all the boys in the school were doing this.

      One Saturday, one of the smallest of these boys was walking to the shops with his parents.

When he went to the statue,  he said" Good morning, Pershing"to it,  but then he stopped and said

to his parents,"I like Pershing very much, Mum and Dad, but who's that strange man on his back?"

1. General Pershing fought in Europe, but he was from______.

A. Europe      

B. England    

C. America      

D. Japan

2. Some people put up a statue to remember______.  

A. the smallest boy                

B. General Washington

C. a horse                      

D. General Pershin

3. The statue was ______ the school.

A. not far from    

B. behind    

C. in          

D. very far from

4. The boys went there every day______.

A. on their way to school    

B. on their way home

C. both A and B          

D. after class

5. The boy thought that ______ was Pershing.

A. the shop    

B. the man    

C. the house    

D. the horse

单项选择题