单项选择题

When a call option on a future is exercised, the buyer receives:

A．a short position in the underlying future.
B．an option to purchase the underlying future.
C．a long position in the underlying future and a cash payment.

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热门试题

单项选择题A swap is best characterized as a

A．series of forward contracts.
B．derivative contract that has not gained widespread popularity.
C．contract that is binding on only one of the parties to the transaction.

单项选择题The value of an interest-rate call option at expiration is zero or the:

A．present value of, the market rate minus the exercise rate, adjusted for the period of the rate, times the principal amount.
B．market rate minus the exercise rate, adjusted for the period of the rate, times the principal amount.
C．present value of, the exercise rate minus the market rate, adjusted for the period of the rate, times the principal amount.