Pembahasan Ujian PAI: A40 – No. 19 – November 2018

PEMBAHASAN

Common derivatives used by insurance companies[1]

• Right : An option to buy shares of a new issue of common stock at a specified price, before it is offered to the public.
• Future : A negotiable instrument that enables the holder to sell the underlying security at a specified price within a certain time period.
• Call : A negotiable instrument that enables the holder to buy the underlying security at a specified price within a certain time period.
• Cap : An index option that sets the maximum value the option can attain, at which point the option is automatically excercised.
• Warrant: A long-term option to buy one or more shares of common stock in a given company at a specified price.

Jawaban: e. warrant

[1]Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.