Char
2024-02-16 13:09Q1, why need to write x as x/(1+rf)t -s when saying put max(0, x- s)?
所屬:CFA Level I > Derivatives 視頻位置 相關(guān)試題
來源: 視頻位置 相關(guān)試題
1個回答
Michael助教
2024-02-18 14:58
該回答已被題主采納
Hello, it is because we are asked for calculating exercise value. In the curriculum, the exercise value for a put option is defined as max(0,PV(x)-S).
