QQ登录
微博登录
微信登录
高顿FRM题库——全球财经*9题库（精题真题、全真模考系统、名师答疑）>>>点击进入“每日一练——免费在线测试”
Exercise：
Put option values increase as a result of increases in which of the following factors?
I Volatility
II Dividends
III Stock Price
IV Time to expiration
A. I, II, and IV only
B. I, III, and IV only
C. II and IV only
D. I and III only
Answer: A
Put option values decrease as stock prices increase.
相关知识点：Six factors
The following six factors will impact the value of an option:
ü S0 =current stock price
ü X =strike price of the option
ü T =time to expiration of the option
ü r =short-term risk-free interest rate over T
ü D =present value of the dividend of the underlying stock
ü σ =expected volatility of stock prices over T
Summary of Effects of Increasing a Factor on the Price of an Option:
