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

Question

Quizplus · Accepted Answer

A European-style option can only be exercised at its expiration date, unlike an American-style option, which can be exercised at any time before its expiration date. Asian-style options and Bermuda-style options have specific conditions for their exercise.

An Option That Can Be Exercised Only at Its Expiration