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1. Which of the following is a valid completion of the sentence-An American option.? a. Reflects the higher impatience of Americans relative to Europeans. b.

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1. Which of the following is a valid completion of the sentence-"An American option."? a. Reflects the higher impatience of Americans relative to Europeans. b. Is exercisable prior to maturity whereas European options are not. c. Is traded in America and Europe, whereas European options are only traded in Europe. d. All of the above. 2. The writer of a put option on a stock a. Has the right but not the obligation to sell the stock. b. Has the right but not the obligation to buy the stock. C. Has the obligation but not the right to buy the stock. d. Has the obligation but not the right to sell the stock. Latrinnla niere of information, you also kr

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