单选题
Do options and futures, respectively, most directly reveal the
prices or the volatility of their underlying assets?
Options
Futures
①A. Prices
Prices
②B. Volatility
Volatility
③C. Volatility
Prices
【正确答案】
C
【答案解析】The volatility of the underlying asset is critical to the value of an option. Options reveal more about volatility than about spot prices. Futures, forwards, and swaps are more directly related to price discovery.