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Joel Franklin is a portfolio manager responsible for derivatives. Franklin observes anAmerican-style option and a European-style option with the same strike price, expiration,and underlying stock.

Joel Franklin is a portfolio manager responsible for derivatives. Franklin observes anAmerican-style option and a European-style option with the same strike price, expiration,and underlying stock. Franklin believes that the European-style option will have a higherpremium than the American-style option.

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Financial Mathematics Derivatives And Structured Products

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