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CFA考试资料答案R38 Valuation of Contingent Claims - Answers.pdf

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Question #1 of 109 Question ID: 1210549 Bob Dilla, CFA makes the following statement about call options: Call options on stock can be thought of as leveraged stock investment where N(d ) units of stock 1 is purchased using e-rTXN(-d2) of borrowed funds. Dilla is most likely: A) incorrect about N(d ) units of stock. 1 7 3 2 1 B) correct. q i C) incorrect about use of e-rTXN(-d ) borrowed funds. s 2 u m : Explanation t a Dilla is correct about calls being s

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