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.
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