问题如下:
An at-the-money American call option on a stock that pays no dividends has three months remaining until expiration. The market value of the option will most likely be:
选项:
A. less than its exercise value.
B. equal to its exercise value.
C. greater than its exercise value.
解释:
C is correct.
Prior to expiration, an American call option will typically have a value in the market that is greater than its exercise value. Although the American option is at-themoney and therefore has an exercise value of zero, the time value of the call option would likely lead to the option having a positive market value.