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Basic Question 11 of 18

A type of option that can be exercised only on its expiration date is called a(an) ______.

A. American option
B. European option
C. Yankee option
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User Contributed Comments 4

User Comment
fmhp E...uropean= E...xpiration only
johntan1979 C is probably referring to Yankee 24 Timing Option
MathLoser [E]uropean = Expiration.

[A]merican = Anytime
walterli For freedom!
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

determine the value at expiration and profit from a long or a short position in a call or put option

contrast forward commitments with contingent claims

CFA® 2025 Level I Curriculum, Volume 5, Module 2.