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Basic Question 13 of 18
A LONG position in an American call option ______.
B. gives the investor an extra right that a LONG position in an identical European call option would not give him
C. can only be exercised on the option's expiration date
A. gives the investor only the rights that a LONG position in an identical European call option would give him
B. gives the investor an extra right that a LONG position in an identical European call option would not give him
C. can only be exercised on the option's expiration date
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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.