NO.PZ2020021203000071
问题如下:
Is an in-the-money American call option on a nondividend-paying stock worth more than its intrinsic value? Explain.
选项:
解释:
Yes. An in-the-money American call on a non-dividend paying stock is worth at least S - PV(K), which is greater than S - K. It is never worth exercising the call early and so it must be worth more than its intrinsic value.
S - PV(K)是 基于不分红的股票的American call 到期执行的最小价值?
S - K是基于不分红的股票的American call提前行权时的intrinsic value?
S - PV(K)大于S-K,所以提前行权不划算?