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Edith owns an option that gives her the right to purchase shares of WAN stock at a price of $ 2 0 a share. Currently,
Edith owns an option that gives her the right to purchase shares of WAN stock at a price of $ a share. Currently, WAN stock is selling for $ Edith would like to profit from this option but is not permitted to exercise it for another two weeks. She believes the stock will decline in value before the two weeks is up What should she do a convert her American option into a European option b convert her European option into an American option c sell her option today d put in an order to exercise her option on its expiration date e put in an order to exercise her option as soon as she is permitted to do so
Edith owns an option that gives her the right to purchase shares of WAN stock at a price of $ a share. Currently, WAN stock is selling for $ Edith would like to profit from this option but is not permitted to exercise it for another two weeks. She believes the stock will decline in value before the two weeks is up What should she do
a convert her American option into a European option
b convert her European option into an American option
c sell her option today
d put in an order to exercise her option on its expiration date
e put in an order to exercise her option as soon as she is permitted to do so
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