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In an American option:

PRMIA 8006 Full Course Access
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In an American option:

A.

early exercise of the option is not permitted

B.

early exercise of the option is permitted

C.

only vanilla options are permitted, unlike a European option

D.

early exercise of the option may be permitted provided other conditions are satisfied

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When hedging one fixed income security with another, the hedge ratio is determined by:
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