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You own a one-year American put option on Carnival Cruises (CCL) with a strike of $45. CCL does not pay dividends. CCL has recently gone

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You own a one-year American put option on Carnival Cruises (CCL) with a strike of \$45. CCL does not pay dividends. CCL has recently gone bankrupt and their stock is worthless. The C.C. risk-free interest rate is 5 percent. True of false: in this scenario, it is optimal to early exercise your American put option. True False

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