问题
单项选择题
Prior to expiration, the maximum value of an Americana call option and an American put option, respectively, is closest to the: American put optionAmerican call option ①A. Exercise price Exercise price ②B. Exercise price Underlying price ③C. Underlying price Exercise price
A．
| A. ① |
B．
| B. ② |
C．
| C. ③ |
答案
参考答案：B
解析：The maximum value of a call option is the underlying price; it makes no sense to pay more for the right to buy the underlying than the value of the underlying itself, and the maximum value of an American put is the exercise price because the best outcome would be if the stock fell to zero, the holder could capture the value of the exercise price.