Exercise Class

Hyungsok Ahn and Paul Wilmott

OFRC Working Papers Series from Oxford Financial Research Centre

Abstract: We explain the ideas behind the valuation of options with early exercise features, so called American options. We also aim to clarify some popular misconceptions about when an American option should be exercised. These misconceptions seem to be prevalent among both academics and practitioners.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:sbs:wpsefe:1999mf22

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