QUESTIONS 91 THROUGH 96 RELATE TO DERIVATIVE INVESTMENTS

95. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
95. The greater of either zero or the present value of the exercise price minus the underlying price is most likely the lower bound on the price of a(n): A. European put option. B. American put option. C. American call option.