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Basic Question 7 of 9
In general, the expectations approach can be used to value ______.
B. European-style options only
C. both American-style and European-style options
A. American-style options only
B. European-style options only
C. both American-style and European-style options
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Learning Outcome Statements
calculate the no-arbitrage values of European and American options using a two-period binomial model;
identify an arbitrage opportunity involving options and describe the related arbitrage;
CFA® 2025 Level II Curriculum, Volume 5, Module 32.