A call option on a stock index is valued using a three-step binomial tree with anUp move that equals 1.05 and a down move that equals 0.95. The current level ofThe index is $190, and the option exercise price is $200. If the option value is positive when the stock price exceeds the exercise price at expiration and $0 otherwise, the number of terminal nodes with a positive payoff is:
A、one.
B、two.
C、three.
发布时间:2025-11-11 01:14:32