NO.PZ2023091802000066
问题如下：
An American investor holds a portfolio of French stocks. The market
value of the portfolio is €10 million, with a beta of 1.35 relative to the CAC
index. In November, the spot value of the CAC index is 4,750. The exchange rate
is USD 1.25/€. The dividend yield, euro interest rates, and dollar interest
rates are all equal to 4%. Which of the following option strategies would be
most appropriate to protect the portfolio against a decline of the euro that
week? March Euro options (all prices in US dollars per €)
Strike Call euro
Put euro
1.25 0.018
0.022
选项：
A.
Buy calls with a premium of USD 180,000
B.Buy puts with a premium of USD 220,000
C.Sell calls with a premium of USD 180,000
D.Sell puts with a premium of USD 220,000
解释：
Buying puts would protect against a decline in the euro and the premium would be:
请问老师这个premium为什么不是220000*美元/欧元汇率呢，答案都是USD标价？
