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American options can be valued using a binomial tree by: O a. Checking whether early exercise is optimal at all nodes (except for the final

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American options can be valued using a binomial tree by: O a. Checking whether early exercise is optimal at all nodes (except for the final nodes) where the option is in-the- money. O b. Checking whether early exercise is optimal at the final nodes. O c. Checking whether early exercise is optimal at the final nodes and the nodes one time step before that O d. Increasing the number of time steps on the tree

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