单选题 Which of the following statements regarding an option prior to expiration is TRUE? The maximum value of: A. a European put is less than the maximum value of an American put. B. an American call is less than the maximum value of a European call. C. a European put is equal to the maximum value of an American put.
【正确答案】 A
【答案解析】
The maximum value of a European put is X/( 1 + r)T and the maximum value of an American put is X.