NO.PZ202403050900000801
问题如下：
Franco’s understanding of the valuation of the European style six-month call option is most likely:
选项：
A.correct with respect to the payoffs and the discount rate.
B.correct with respect to the payoffs but incorrect about the discount rate.
C.incorrect with respect to the payoffs but correct about the discount rate.
解释：
B Correct. According to the expectations approach of options valuation, option values are simply the present value of the expected terminal option payoffs (based on risk-neutral probabilities) discounted at the estimated risk-free interest rate, rather than the risk-adjusted periodic rate.
答案没看懂，麻烦进一步解释一下
