2021年罗斯公司理财题库全集资料

Chapter22OptionsandCorporateFinance MultipleChoiceQuestions 1. Afinancialcontractthatgivesitsownertheright，butnottheobligation，tobuyorsellaspecifiedassetatanagreed-uponpriceonorbeforeagivenfuturedateiscalleda(n)_____contract. A. optionB. futuresC. forwardD. swapE. straddle 2. Theactwhereanownerofanoptionbuysorsellstheunderlyingasset，asishisright，iscalled______theoption. A. strikingB. exercisingC. openingD. splittingE. strangling 3. Thefixedpriceinanoptioncontractatwhichtheownercanbuyorselltheunderlyingassetiscalledtheoption's: A. openingprice.B. intrinsicvalue.C. strikeprice.D. marketprice.E. timevalue. 4. Thelastdayonwhichanownerofanoptioncanelecttoexerciseisthe_____date. A. ex-paymentB. ex-optionC. openingD. expirationE. intrinsic 5. Anoptionthatmaybeexercisedatanytimeuptoitsexpirationdateiscalleda(n)_____option. A. futuresB. AsianC. BermudanD. EuropeanE. American 6. Anoptionthatmaybeexercisedonlyontheexpirationdateiscalleda(n)_____option. A. EuropeanB. AmericanC. BermudanD. futuresE. Asian 7. A_____isaderivativesecuritythatgivestheownertheright，butnottheobligation，tobuyanassetatafixedpriceforaspecifiedperiodoftime. A. futurescontractB. calloptionC. putoptionD. swapE. forwardcontract 8. A_____isaderivativesecuritythatgivestheownertheright，butnottheobligation，tosellanassetatafixedpriceforaspecifiedperiodoftime. A. futurescontractB. calloptionC. putoptionD. swapE. forwardcontract 9. Atradingopportunitythatoffersarisklessprofitiscalleda(n): A. putoption.B. calloption.C. marketequilibrium.D. arbitrage.E. cross-hedge. 10. Thevalueofanoptionifitweretoimmediatelyexpire，thatis，itslowerpricingbound，iscalledanoption's_____value. A. strikeB. marketC. volatilityD. timeE. intrinsic 11. Therelationshipbetweenthepricesoftheunderlyingstock，acalloption，aputoption，andarisklessassetisreferredtoasthe_____relationship. A. put-callparityB. coveredcallC. protectiveputD. straddleE. strangle 12. Theeffectonanoption'svalueofasmallchangeinthevalueoftheunderlyingassetiscalledtheoption: A. theta.B. vega.C. rho.D. delta.E. gamma. 13. Anoptionthatgrantstheright，butnottheobligation，tosellsharesoftheunderlyingassetonaparticulardateataspecifiedpriceiscalled: A. eitheranAmericanoraEuropeanoption.B. anAmericancall.C. anAmericanput.D. aEuropeanput.E. aEuropeancall. 14. Whichoneofthefollowingprovidestheoptionofsellingastockanytimeduringtheoptionperiodataspecifiedpriceevenifthemarketpriceofthestockdeclinestozero? A. AmericancallB. EuropeancallC. AmericanputD. EuropeanputE. eitheranAmericanoraEuropeanput 15. Givenanexerciseprice，timetomaturity，andEuropeanput-callparity，thepresentvalueofthestrikepriceplusthecalloptionisequalto: A. thecurrentmarketvalueofthestock.B. thepresentvalueofthestockminusaputoption.C. aputoptionminusthemarketvalueoftheshareofstock.D. thevalueofaU.S.Treasurybill.E. theshareofstockplustheputoption. 16. Youcanrealizethesamevalueasthatderivedfromstockownershipifyou: A. sellaputoptionandinvestattherisk-freerateofreturn.B. buyacalloptionandwriteaputoptiononastockandalsoborrowfundsattherisk-freerate.C. sellaputandbuyacallonastockaswellasinvestattherisk-freerateofreturn.D. lendoutfundsattherisk-freerateofreturnandsellaputoptiononthestock.E. borrowfundsattherisk-freerateofreturnandinvesttheproceedsinequivalentamountsofputandcalloptions. 17. WhichoneofthefollowingstatementscorrectlydescribesyoursituationastheownerofanAmericancalloption? A. Youareobligatedtobuyatasetpriceatanytimeuptoandincludingtheexpirationdate.B. Youhavetherighttosellatasetpriceatanytimeuptoandincludingtheexpirationdate.C. Youhavetherighttobuyatasetpriceonlyontheexpirationdate.D. Youareobligatedtosellatasetpriceiftheoptionisexercised.E. Youhavetherighttobuyatasetpriceatanytimeuptoandincludingtheexpirationdate. 18. JeffoptedtoexercisehisAugustoptiononAugust10andreceived$2,500inexchangeforhisshares.Jeffmusthaveowneda(an): A. warrant.B. Americancall.C. Americanput.D. Europeancall.E. Europeanput. 19. JillianownsanoptionwhichgiveshertherighttopurchasesharesofWANstockatapriceof$20ashare.Currently，WANstockissellingfor$24.50.Jillianwouldliketoprofitonthisstockbutisnotpermittedtoexerciseheroptionforanothertwoweeks.Whichofthefollowingstatementsapplytothissituation?I.JillianmustownaEuropeancalloption.II.JillianmustownanAmericanputoption.III.JillianshouldsellheroptiontodayifshefeelsthepriceofWANstockwilldeclinesignificantlyoverthenexttwoweeks.IV.JilliancannotprofittodayfromthepriceincreaseinWANstock. A. IandIIIonlyB. IIandIVonlyC. IandIVonlyD. IIandIIIonlyE. I，III，andIVonly 20. ThedifferencebetweenanAmericancallandaEuropeancallisthattheAmericancall: A. hasafixedexercisepricewhiletheEuropeanexercisepricecanvarywithinasmallrange.B. isarighttobuywhileaEuropeancallisanobligationtobuy.C. hasanexpirationdatewhiletheEuropeancalldoesnot.D. iswrittenon100sharesoftheunderlyingsecuritywhiletheEuropeancallcovers1,000shares.E. canbeexercisedatanytimeuptotheexpirationdatewhiletheEuropeancallcanonlybeexercisedontheexpirationdate. 21. Ifacallhasapositiveintrinsicvalueatexpirationthecallissaidtobe: A. funded.B. unfunded.C. atthemoney.D. inthemoney.E. outofthemoney. 22. Aputoptionwitha$35exercisepriceonABCstockexpirestoday.ThecurrentpriceofABCstockis$36.Theputis: A. funded.B. unfunded.C. atthemoney.D. inthemoney.E. outofthemoney. 23. Themaximumvalueofacalloptionisequalto: A. thestrikepriceminustheinitialcostoftheoption.B. theexercisepriceplusthepriceoftheunderlyingstock.C. thestrikeprice.D. thepriceoftheunderlyingstock.E. thepurchaseprice. 24. Thelowerboundonacall'svalueiseitherthe: A. strikepriceorzero，whicheverisgreater.B. stockpriceminustheexercisepriceorzero，whicheverisgreater.C. strikepriceorthestockprice，whicheverislower.D. strikepriceorzero，whicheverislower.E. stockpriceminustheexercisepriceorzero，whicheverislower. 25. Thelowerboundofacalloption: A. canbeanegativevalueregardlessofthestockorexerciseprices.B. canbeanegativevaluebutonlywhentheexercisepriceexceedsthestockprice.C. canbeanegativevaluebutonlywhenthestockpriceexceedstheexerciseprice.D. mustbegreaterthanzero.E. canbeequaltozero. 26. Theintrinsicvalueofacallis:I.thevalueofthecallifitwereabouttoexpire.II.equaltothelowerboundofacall'svalue.III.anothernameforthemarketpriceofacall.IV.alwaysequaltozeroifthecalliscurrentlyoutofthemoney. A. IandIIIonlyB. IIandIVonlyC. IandIIonlyD. II，III，andIVonlyE. I，II，andIVonly 27. Theintrinsicvalueofaputisequaltothe: A. lesserofthestrikepriceorthestockprice.B. lesserofthestockpriceminustheexercisepriceorzero.C. lesserofthestockpriceorzero.D. greaterofthestrikepriceminusthestockpriceorzero.E. greaterofthestockpriceminustheexercisepriceorzero. 28. Whichofthefollowingstatementsarecorrectconcerningoptionvalues?I.Thevalueofacallincreasesasthepriceoftheunderlyingstockincreases.II.Thevalueofacalldecreasesastheexercisepriceincreases.III.Thevalueofaputincreasesasthepriceoftheunderlyingstockincreases.IV.Thevalueofaputdecreasesastheexercisepriceincreases. A. IandIIIonlyB. IIandIVonlyC. IandIIonlyD. IIandIIIonlyE. I，II，andIVonly 29. Thevalueofacallincreaseswhen:I.thetimetoexpirationincreases.II.thestockpriceincreases.III.therisk-freerateofreturnincreases.IV.thevolatilityofthepriceoftheunderlyingstockincreases. A. IandIIIonlyB. II，III，andIVonlyC. I，III，andIVonlyD. I，II，andIIIonlyE. I，II，III，andIV 30. Whichoneofthefollowingwillcausethevalueofacalltodecrease? A. loweringtheexercisepriceB. increasingthetimetoexpirationC. increasingtherisk-freerateD. loweringtheriskleveloftheunderlyingsecurityE. increasingthestockprice 31. AssumethatyouownbothaMay40putandaMay40callonABCstock.Whichoneofthefollowingstatementsiscorrectconcerningyouroptionpositions?Ignoretaxesandtransactioncosts. A. Anincreaseinthestockpricewillincreasethevalueofyourputanddecreasethevalueofyourcall.B. BothaMay45putandaMay45callwillhavehighervaluesthanyourMay40options.C. ThetimepremiumsonbothyourputandcallarelessthanthetimepremiumsonequivalentJuneoptions.D. Adecreaseinthestockpricewilldecreasethevalueofbothofyouroptions.E. Youcannotprofitonyourpositionasyourprofitsononeoptionwillbeoffsetbylossesontheotheroption. 32. YouownbothaMay20callandaMay20put.Ifthecallfinishesinthemoney，thentheputwill: A. alsofinishinthemoney.B. finishatthemoney.C. finishoutofthemoney.D. eitherfinishatthemoneyorinthemoney.E. eitherfinishatthemoneyoroutofthemoney. 33. Youownstockinafirmthathasapurediscountloandueinsixmonths.Theloanhasafacevalueof$50,000.Theassetsofthefirmarecurrentlyworth$62,000.Thestockholdersinthisfirmbasicallyowna_____optionontheassetsofthefirmwithastrikepriceof______ A. put；$62,000.B. put；$50,000.C. warrant；$62,000.D. call；$62,000.E. call；$50,000. 34. Theownerofacalloptionhasthe: A. rightbutnottheobligationtobuyastockataspecifiedpriceonaspecifieddate.B. rightbutnottheobligationtobuyastockataspecifiedpriceduringaspecifiedperiodoftime.C. obligationtobuyastockonaspecifieddatebutonlyatthespecifiedprice.D. obligationtobuyastocksometimeduringaspecifiedperiodoftimeatthespecifiedprice.E. obligationtobuyastockattheloweroftheexercisepriceorthemarketpriceontheexpirationdate. 35. IntheBlack-Scholesoptionpricingformula，N(d1)istheprobabilitythatastandardized，normallydistributedrandomvariableis: A. lessthanorequaltoN(d2).B. lessthanone.C. equaltoone.D. equaltod1.E. lessthanorequaltod1. 36. TocomputethevalueofaputusingtheBlack-Scholesoptionpricingmodel，you: A. firsthavetoapplytheput-callparityrelationship.B. firsthavetocomputethevalueoftheputasifitisacall.C. computethevalueofanequivalentcallandthensubtractthatvaluefromone.D. computethevalueofanequivalentcallandthensubtractthatvaluefromthemarketpriceofthestock.E. computethevalueofanequivalentcallandthenmultiplythatvaluebye-RT. 37. Ifyouconsidertheequityofafirmtobeanoptiononthefirm'sassetsthentheactofpayingoffdebtiscomparableto_____ontheassetsofthefirm. A. purchasingaputoptionB. purchasingacalloptionC. exercisinganin-the-moneyputoptionD. exercisinganin-the-moneycalloptionE. sellingacalloption 38. Foreverypositivenetpresentvalueprojectthatafirmundertakes，theequityinthefirmwillincreasethemostifthedeltaofthecalloptiononthefirm'sassetsis: A. equaltoone.B. betweenzeroandone.C. equaltozero.D. betweenzeroandminusone.E. equaltominusone. 39. Shareholdersinaleveragedfirmmightwishtoacceptanegativenetpresentvalueprojectif: A. itincreasesthestandarddeviationofthereturnsonthefirm'sassets.B. itlowersthevarianceofthereturnsonthefirm'sassets.C. itlowerstherisklevelofthefirm.D. itdiversifiesthecashflowsofthefirm.E. itdecreasestheriskthatafirmwilldefaultonitsdebt. 40. Whichofthefollowingstatementsistrue? A. AmericanoptionsareoptionsonsecuritiesofU.S.corporations，andtheoptionsaretradedonAmericanexchanges.EuropeanoptionsareoptionsonsecuritiesofU.S.corporations，buttheoptionsaretradedonEuropeanexchanges.B. AmericanoptionsareoptionsonsecuritieswhicharetradedonAmericanexchanges.Europeanoptions，alsotradedonAmericanexchanges，areoptionsonEuropeancorporations.C. Americanoptionsgivetheholdertherighttothedividendpayment.Europeanoptionsdonot.D. Americanoptionsmaybeexercisedanytimeuptoexpiration.Europeanoptionsmaybeexercisedonlyatexpiration.E. Noneoftheabove. 41. Anout-of-the-moneycalloptionisonethat: A. hasanexercisepricebelowthecurrentmarketpriceoftheunderlyingsecurity.B. shouldnotbeexercised.C. hasanexercisepriceabovethecurrentmarketpriceoftheunderlyingsecurity.D. BothAandB.E. BothBandC. 42. Whichofthefollowingisnottrueconcerningcalloptionwriters? A. Writerspromisetodeliversharesifexercisedbythebuyer.B. Thewriterhastheoptiontosellsharesbutnotanobligation.C. Thewriter'sliabilityiszeroiftheoptionexpiresout-of-the-money.D. Thewriterreceivesacashpaymentfromthebuyeratthetimetheoptionispurchased.E. Thewriterhasalossifthemarketpricerisessubstantiallyabovetheexerciseprice. 43. Anin-the-moneyputoptionisonethat: A. hasanexercisepricegreaterthantheunderlyingstockprice.B. hasanexercisepricelessthantheunderlyingstockprice.C. hasanexercisepriceequaltotheunderlyingstockprice.D. shouldnotbeexercisedatexpiration.E. shouldnotbeexercisedatanytime. 44. Whichofthefollowingstatementsistrue? A. Atexpirationthemaximumpriceofacallisthegreaterof(StockPrice-Exercise)or0.B. Atexpirationthemaximumpriceofacallisthegreaterof(Exercise-StockPrice)or0.C. Atexpirationthemaximumpriceofaputisthegreaterof(StockPrice-Exercise)or0.D. Atexpirationthemaximumpriceofaputisthegreaterof(Exercise-StockPrice)or0.E. BothAandD. 45. Put-callparitycanbeusedtoshow: A. howfarin-the-moneyputoptionscanget.B. howfarin-the-moneycalloptionscanget.C. thepreciserelationshipbetweenputandcallpricesgivenequalexercisepricesandequalexpirationdates.D. thatthevalueofacalloptionisalwaystwicethatofaputgivenequalexercisepricesandequalexpirationdates.E. thatthevalueofacalloptionisalwayshalfthatofaputgivenequalexercisepricesandequalexpirationdates.  Tele-TechComannouncesamajorexpansionintoInternetservices.ThisannouncementcausesthepriceofTele-TechComstocktoincrease，butalsocausesanincreaseinpricevolatilityofthestock. 46. WhichofthefollowingcorrectlyidentifiestheimpactofthesechangesonacalloptionofTele-TechCom? A. Bothchangescausethepriceofthecalloptiontodecrease.B. Bothchangescausethepriceofthecalloptiontoincrease.C. Thegreateruncertaintywillcausethepriceofthecalloptiontodecrease.Thehigherpriceofthestockwillcausethepriceofthecalloptiontoincrease.D. Thegreateruncertaintywillcausethepriceofthecalloptiontoincrease.Thehigherpriceofthestockwillcausethepriceofthecalloptiontodecrease.E. Thegreateruncertaintyhasnodirecteffectonthepriceofthecalloption.Thehigherpriceofthestockwillcausethepriceofthecalloptiontodecrease. 47. WhichofthefollowingcorrectlyidentifiestheimpactofthesechangesonaputoptionofTele-TechCom? A. Bothchangescausethepriceoftheputoptiontodecrease.B. Bothchangescausethepriceoftheputoptiontoincrease.C. Thegreateruncertaintywillcausethepriceoftheputoptiontodecrease.Thehigherpriceofthestockwillcausethepriceoftheputoptiontoincrease.D. Thegreateruncertaintywillcausethepriceoftheputoptiontoincrease.Thehigherpriceofthestockwillcausethepriceoftheputoptiontodecrease.E. Thegreateruncertaintyhasnodirecteffectonthepriceoftheputoption.Thehigherpriceofthestockwillcausethepriceoftheputoptiontodecrease. 48. Thedeltaofacallmeasures: A. thechangeintheendingstockvalue.B. thechangeintheendingoptionvalue.C. theswinginthepriceofthecallrelativetotheswinginstockprice.D. theratioofthechangeintheexercisepricetothechangeinthestockprice.E. Noneoftheabove. 49. TheBlack-Scholesoptionpricingmodelisdependentonwhichfiveparameters? A. Stockprice，exerciseprice，riskfreerate，probability，andtimetomaturityB. Stockprice，riskfreerate，probability，timetomaturity，andvarianceC. Stockprice，riskfreerate，probability，varianceandexercisepriceD. Stockprice，exerciseprice，riskfreerate，varianceandtimetomaturityE. Exerciseprice，probability，stockprice，varianceandtimetomaturity 50. WhatisthecostoffiveNovember25calloptioncontractsonKNJstockgiventhefollowingpricequotes?   A. $615B. $660C. $2,500D. $3,075E. $3,300 51. WhatisthevalueofoneNovember35putcontract?   A. $70B. $460C. $510D. $4,600E. $5,100 52. WhatistheintrinsicvalueoftheAugust25call?   A. $0.10B. $5.86C. $6.15D. $10.00E. $25.00 53. YoupurchasedsixTJHcalloptioncontractswithastrikepriceof$40whentheoptionwasquotedat$1.30.TheoptionexpirestodaywhenthevalueofTJHstockis$41.90.Ignoringtradingcostsandtaxes，whatisyourtotalprofitorlossonyourinvestment? A. $60B. $320C. $360D. $420E. $540 54. YoupurchasedfourWXO30calloptioncontractsataquotedpriceof$.34.WhatisyournetgainorlossonthisinvestmentifthepriceofWXOis$33.60ontheoptionexpirationdate? A. -$1,576B. -$136C. $1,304D. $1,440E. $1,576 55. YouwrotetencalloptioncontractsonJIGstockwithastrikepriceof$40andanoptionpriceof$.40.WhatisyournetgainorlossonthisinvestmentifthepriceofJIGis$46.05ontheoptionexpirationdate? A. -$6,450B. -$5,650C. $400D. $5,650E. $6,450 56. ThemarketpriceofABCstockhasbeenveryvolatileandyouthinkthisvolatilitywillcontinueforafewweeks.Thus，youdecidetopurchaseaone-monthcalloptioncontractonABCstockwithastrikepriceof$25andanoptionpriceof$1.30.Youalsopurchaseaone-monthputoptiononABCstockwithastrikepriceof$25andanoptionpriceof$.50.Whatwillbeyourtotalprofitorlossontheseoptionpositionsifthestockpriceis$24.60onthedaytheoptionsexpire? A. -$180B. -$140C. -$100D. $0E. $180 57. SeveralrumorsconcerningWyslow，Inc.stockhavestartedcirculating.Theserumorsarecausingthemarketpriceofthestocktobequitevolatile.Giventhissituation，youdecidetobuybothaone-monthputandaonemonthcalloptiononthisstockwithanexercisepriceof$15.Youpurchasedthecallataquotedpriceof$.20andtheputatapriceof$2.10.Whatwillbeyourtotalprofitorlossontheseoptionpositionsifthestockpriceis$4onthedaytheoptionsexpire? A. -$230B. $870C. $890D. $910E. $1,310 58. Threemonthsago，youpurchasedaputoptiononWXXstockwithastrikepriceof$60andanoptionpriceof$.60.TheoptionexpirestodaywhenthevalueofWXXstockis$62.50.Ignoringtradingcostsandtaxes，whatisyourtotalprofitorlossonyourinvestment? A. -$310B. -$60C. $0D. $60E. $190 59. YousoldtenputoptioncontractsonPLTstockwithanexercisepriceof$32.50andanoptionpriceof$1.10.Today，theoptionexpiresandtheunderlyingstockissellingfor$34.30ashare.Ignoringtradingcostsandtaxes，whatisyourtotalprofitorlossonthisinvestment? A. -$2,900B. -$1,100C. $700D. $1,100E. $2,900 60. YousoldaputcontractonEDFstockatanoptionpriceof$.40.Theoptionhadanexercisepriceof$20.Theoptionwasexercised.Today，EDFstockissellingfor$19ashare.WhatisyourtotalprofitorlossonallofyourtransactionsrelatedtoEDFstockassumingthatyoucloseoutyourpositionsinthisstocktoday?Ignoretransactioncostsandtaxes. A. -$140B. -$60C. $40D. $60E. $140 61. YouowntwocalloptioncontractsonABCstockwithastrikepriceof$15.Whenyoupurchasedthecontractstheoptionpricewas$1.20andthestockpricewas$15.90.WhatisthetotalintrinsicvalueoftheseoptionsifABCstockiscurrentlysellingfor$14.50ashare? A. -$280B. -$180C. -$100D. $0E. $100 62. YouownfiveputoptioncontractsonXYZstockwithanexercisepriceof$25.WhatisthetotalintrinsicvalueofthesecontractsifXYZstockiscurrentlysellingfor$24.50ashare? A. -$250B. -$50C. $0D. $50E. $250 63. Lastweek，youpurchasedacalloptiononDenver，Inc.stockatanoptionpriceof$1.05.Thestockpricelastweekwas$28.10.Thestrikepriceis$27.50.WhatistheintrinsicvaluepershareifDenver，Inc.stockiscurrentlypricedat$29.03? A. -$1.05B. $0C. $.48D. $.93E. $1.53 64. Threeweeksago，youpurchasedaJuly45putoptiononRPJstockatanoptionpriceof$3.20.ThemarketpriceofRPJstockthreeweeksagowas$42.70.Today，RPJstockissellingat$44.75ashareandtheJuly45putispricedat$.80.Whatistheintrinsicvalueofyourputcontract? A. -$295B. -$210C. $0D. $25E. $110 65. YouownacalloptiononJasperCo.stockthatexpiresinoneyear.Theexercisepriceis$42.50.Thecurrentpriceofthestockis$56.00andtherisk-freerateofreturnis3.5%.Assumethattheoptionwillfinishinthemoney.Whatisthecurrentvalueofthecalloption? A. $13.04B. $13.50C. $13.97D. $14.94E. $15.46 66. Youcurrentlyownaone-yearcalloptiononWay-One，Inc.stock.Thecurrentstockpriceis$26.50andtherisk-freerateofreturnis4%.Youroptionhasastrikepriceof$20andyouassumethatitwillfinishinthemoney.Whatisthecurrentvalueofyourcalloption? A. $6.25B. $6.50C. $6.76D. $7.13E. $7.27 67. ThecommonstockofMercuryMotorsissellingfor$43.90ashare.U.S.Treasurybillsarecurrentlyyielding4.5%.Whatisthecurrentvalueofaone-yearcalloptiononMercuryMotorsstockiftheexercisepriceis$37.50andyouassumetheoptionwillfinishinthemoney? A. $6.12B. $6.40C. $6.69D. $7.67E. $8.01 68. ThecommonstockofWinsson，Inc.iscurrentlypricedat$52.50ashare.Oneyearfromnow，thestockpriceisexpectedtobeeither$54or$60ashare.Therisk-freerateofreturnis4%.WhatisthevalueofonecalloptiononWinssonstockwithanexercisepriceof$55? A. $0.39B. $0.41C. $0.45D. $0.48E. $0.51 69. Youownonecalloptionwithanexercisepriceof$30onNadiaInteriorsstock.Thisstockiscurrentlysellingfor$27.80asharebutisexpectedtoincreasetoeither$28or$34ashareoverthenextyear.Therisk-freerateofreturnis5%andtheinflationrateis3%.Whatisthecurrentvalueofyouroptionifitexpiresinoneyear? A. $0.76B. $0.79C. $0.89D. $0.92E. $0.95 70. TheassetsofBlueLightSpecialsarecurrentlyworth$2,100.Theseassetsareexpectedtobewortheither$1,800or$2,300oneyearfromnow.Thecompanyhasapurediscountbondoutstandingwitha$2,000facevalueandamaturitydateofoneyear.Therisk-free