An option that can be exercised at any time until its expiration is called a(n):
A)Asian-style option
B)American-style option
C)European-style option
D)Bermuda-style option

Question

Quizplus · Accepted Answer

An American-style option can be exercised at any time until its expiration, making it more flexible than a European-style option which can only be exercised at its expiration date. Asian-style and Bermuda-style options have specific exercise dates and are not as flexible as American-style options.

An Option That Can Be Exercised at Any Time Until