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Jason's

In: Business and Management

Submitted By jasonshichen
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BEA3001 Financial Management 2012-2013

Option Pricing
Dr Bill Peng, CFA

Today
• Describe the basic characteristics of financial options • Develop the Binomial Option Pricing Model • Discuss the Put-Call Parity theorem • Introduce and apply Black-Scholes Option Pricing Model

BP

BEA3001 Financial Management

2

Coursework Test 1 Directions
• Reminder: CW Test 2 [4pm Wed 20th Mar 2013] • CW Test 1: 6pm on Monday 26th November • Students entitled to extra time: STC/C • Surnames starting with letters “A” to “K” (inclusive): Amory Moot Room • Surnames starting with letters “L” to “W” (inclusive): STC/A • Surnames starting with letters “X” to “Z” (inclusive): STC/B
BP BEA3001 Financial Management 3

Coursework Test 1 Directions cont’d
• Everyone should arrive in the corridor outside either Amory Moot Room or STC A/B/C by 6:15pm and wait QUIETLY to be called into a test room • We will aim to get you settled and started as soon as possible and you will be free by 8:00pm at the latest, if all of you could kindly follow the instructions • Fair-play: breach of exam rules will be punished • You should have with you your student ID card, a note of your 2012-2013 candidate number, pencils, erasers, pens and a calculator

BP

BEA3001 Financial Management

4

Coursework Test 1 Directions cont’d
• You should take a seat where a test paper (together with an answer booklet) has been placed, but DO NOT touch the test paper or the answer booklet until told to do so, and please respect the seat allocations as set out by the invigilators • You may not leave until you are dismissed at the end of the test; if you have finished the test early, please remain silent and respect your colleagues who need to focus on completing the test or doublechecking the answers • At the end of the test you must remain SILENT, and refrain from communication with anyone other…...

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