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A Binary Option Pays Off $100 If a Non-Dividend-Paying Stock

Question 1

Multiple Choice

A binary option pays off $100 if a non-dividend-paying stock price is greater than its current value in three months.The risk-free rate is 3% and the volatility is 40%.Which of the following is its value?


A) 99.25N(-0.1375)
B) 99.25N(0.1375)
C) 99.25N(-0.0625)
D) 99.25N(0.0625)

Correct Answer:

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