Explain why an American call option on a dividend-paying stock is always worth at least as much

Question:

Explain why an American call option on a dividend-paying stock is always worth at least as much as its intrinsic value. Es the same true of a European call option? Explain your

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: