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Basic Question 9 of 18
When a call option on a future is exercised, the buyer receives ______.
B. a long position in the underlying future and a cash payment
C. the physical good
A. an option to purchase the underlying future
B. a long position in the underlying future and a cash payment
C. the physical good
User Contributed Comments 6
| User | Comment |
|---|---|
| gill15 | ummm...I dont want my cfa anymore |
| Bududeen | it is better you dont want it anymore because you are in contravention of the codes @ standards for using CfA as a noun rather than as an adjective |
| tomalot | CFA is all capitals buddy! Contravention etc |
| ascruggs92 | Also violated ethics because you have no claim to the CFA designation other than being a candidate for level 1. Boom |
| maryprz14 | lol |
| khalifa92 | long and short positioned arent supposed to be here, they are for the next coming LOS. |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe classifications of assets and markets
describe the major types of securities, currencies, contracts, commodities, and real assets that trade in organized markets, including their distinguishing characteristics and major subtypes
CFA® 2024 Level I Curriculum, Volume 3, Module 1.