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What difference does it make to the worst-case scenario in Example 19.1 if (a) the options are American rather than European and (b) the options

What difference does it make to the worst-case scenario in Example 19.1 if (a) the options are American rather than European and (b) the options are barrier options that are knocked out if the asset price reaches $65? Use the DerivaGem Application Builder in conjunction with Solver to search over asset prices between $40 and $60 and volatilities between 18% and 30%. Risk Management and Financial Institutions by John Hullimage text in transcribed

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