magickame · 2022年10月31日
NO.PZ2020033002000035
问题如下：
According to the Morton model, buying a company's bonds is equivalent to what kind of option action is performed on the company's assets?
选项：
A.A long call
B.A short put
C.A short call
D.A long put
解释：
B is correct.
考点：Merton Model
解析：信用债的买方在公司资产低于债务水平的时候不会亏钱，低于了就会亏钱，相当于一个对该公司的资产short put option的头寸。
我记得还有一种情况是long call，能具体解释下吗
NO.PZ2020033002000035 问题如下 Accorng to the Morton mol, buying a company's bon is equivalent to whkinof option action is performeon the company's assets? A long call A short put A short call A long put is correct.考点Merton Mol解析信用债的买方在公司资产低于债务水平的时候不会亏钱，低于了就会亏钱，相当于一个对该公司的资产short put option的头寸。 信用债的买方在公司资产低于债务水平的时候不会亏钱，低于了就会亏钱，相当于一个对该公司的资产short put option的头寸。应该是高于吧！
NO.PZ2020033002000035 问题如下 Accorng to the Morton mol, buying a company's bon is equivalent to whkinof option action is performeon the company's assets? A long call A short put A short call A long put is correct.考点Merton Mol解析信用债的买方在公司资产低于债务水平的时候不会亏钱，低于了就会亏钱，相当于一个对该公司的资产short put option的头寸。 为什么不用put call parity
