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ID:43358973
大小:1.73 MB
页数:61页
时间:2019-09-30
《Financial Institutions Management A Risk Management Approach 5E - CDN - Saunders - TBCH23》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、CH23Student:___________________________________________________________________________1.Thepayoffvaluesonbondoptionsarepositivelylinkedtothechangesininterestrates. True False 2.Abondcalloptiongivestheholdertherighttoselltheunderlyingbondatapre-specifiedexerciseprice. Tr
2、ue False 3.FIsmayincreasefeeincomebyservingasacounterpartyforotherentitieswantingtohedgeriskontheirownbalancesheet. True False 4.Thebuyerofabondcalloptionstandstomakeapositivepayoffifchangesinmarketinterestratescausethebondpricetoriseabovetheexerciseprice. True Fal
3、se 5.Buyingacalloptiononabondensuresabankthatitwillbeabletosellthebondatagivenpointintimeforapriceatleastequaltotheexercisepriceoftheoption. True False 6.Thepayoffsonbondcalloptionsmovesymmetricallywithchangesininterestrates. True False 7.Thegaintoabuyerofbondcallopti
4、onsisunlimited,evenifinterestratesdecreasetozero. True False 8.Thebuyerofabondputoptionstandstomakeaprofitifchangesinmarketinterestratescausethebondpricetofallbelowtheexerciseprice. True False 9.Thelosstoabuyerofbondputoptionsislimitedtothepremiumpaid. True False
5、10.Thegaintothewriterofabondoptionisunlimited. True False 11.Thelosstothebuyerofabondoptionisunlimited. True False 12.Thetradingprocessofoptionsisthesameasthatoffuturescontracts. True False 13.Theprofitonbondcalloptionsmovesasymmetricallywithinterestrates. True
6、 False 14.Regulatorstendtodiscourage,andevenprohibitinsomecases,FIsfromwritingoptionsbecausetheupsidepotentialisunlimitedandthedownsidelossesarepotentiallylimited. True False 15.WritinganinterestratecalloptionmayhedgeanFIwhenratesriseandbondpricesfall. True False 16.
7、Wheninterestratesrise,writingabondcalloptionmaycauseprofitstooffsetthelossonanFI'sbonds. True False 17.HedgingtheFI'sinterestrateriskbybuyingaputoptiononabondisanattractivealternativetoamanager. True False 18.Thelossesonapurchasedputoptionpositionwhenratesfallarelimit
8、edtotheoptionpremiumpaid. True False 19.Simultaneouslybuyingabon
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