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Which of the following is a valid completion of the sentence , An American option ... ? ( a ) Reflects the higher

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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 traded in America and Europe , whereas European options are only traded in Europe ( c ) Is exerci sable prior to maturity whereas European options are no ( d ) All of the above

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