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.