An option that may be exercised only on the expiration date is called:
AEuropean
BEgyptian
CEthiopian
DEcuadorian
Answer & Solution
Correct answer: A. European
1. The other style is far more restrictive.
2. Only one day is available for exercise.
3. That style is European.
_Source: OpenStax Principles of Finance, Chapter 20, Risk Management and the Financial Manager._
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