call option 价格

问题如下：

Peter Friedland, CFA, is an equity analyst concerned with earnings quality. He gathers information from the company’s regulatory filings regarding the assumptions related to option valuation in Exhibit 5.

Exhibit 5. Option Valuation Assumptions

Compared to the reported 2009 financial statements, if Stereo Warehouse had used the 2007 expected volatility assumption to value its employee stock options, it would have most likely reported higher:

选项：

A.

net income.

B.

compensation expense.

C.

deferred compensation liability.

解释：

A higher volatility assumption increases the value of the stock option and thus the compensation expense, which, in turn, reduces net income. There is no associated liability for stock options.