Corporate Finance 10th Edition test bank ch22

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1、ch22Student:___________________________________________________________________________1.Afinancialcontractthatgivesitsownertheright,butnottheobligation,tobuyorsellaspecifiedassetatanagreed-uponpriceonorbeforeagivenfuturedateiscalleda(n)_____contract.A.optionB.futuresC.for

2、wardD.swapE.straddle2.Theactwhereanownerofanoptionbuysorsellstheunderlyingasset,asishisright,iscalled______theoption.A.strikingB.exercisingC.openingD.splittingE.strangling3.Thefixedpriceinanoptioncontractatwhichtheownercanbuyorselltheunderlyingassetiscalledtheoption's:A.op

3、eningprice.B.intrinsicvalue.C.strikeprice.D.marketprice.E.timevalue.4.Thelastdayonwhichanownerofanoptioncanelecttoexerciseisthe_____date.A.ex-paymentB.ex-optionC.openingD.expirationE.intrinsic5.Anoptionthatmaybeexercisedatanytimeuptoitsexpirationdateiscalleda(n)_____option

4、.A.futuresB.AsianC.BermudanD.EuropeanE.American6.Anoptionthatmaybeexercisedonlyontheexpirationdateiscalleda(n)_____option.A.EuropeanB.AmericanC.BermudanD.futuresE.Asian7.A_____isaderivativesecuritythatgivestheownertheright,butnottheobligation,tobuyanassetatafixedpriceforas

5、pecifiedperiodoftime.A.futurescontractB.calloptionC.putoptionD.swapE.forwardcontract8.A_____isaderivativesecuritythatgivestheownertheright,butnottheobligation,tosellanassetatafixedpriceforaspecifiedperiodoftime.A.futurescontractB.calloptionC.putoptionD.swapE.forwardcontrac

6、t9.Atradingopportunitythatoffersarisklessprofitiscalleda(n):A.putoption.B.calloption.C.marketequilibrium.D.arbitrage.E.cross-hedge.10.Thevalueofanoptionifitweretoimmediatelyexpire,thatis,itslowerpricingbound,iscalledanoption's_____value.A.strikeB.marketC.volatilityD.timeE.

7、intrinsic11.Therelationshipbetweenthepricesoftheunderlyingstock,acalloption,aputoption,andarisklessassetisreferredtoasthe_____relationship.A.put-callparityB.coveredcallC.protectiveputD.straddleE.strangle12.Theeffectonanoption'svalueofasmallchangeinthevalueoftheunderlyingas

8、setiscalledtheoption:A.theta.B.vega.C.rho.D.delta.E.gamma.13.Anoptionthatgrantstheright,b