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European-style option

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European-style option
An option contract that can be exercised only on the expiration date.


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If the spot market price for the underlying property is $100, and the six-month forward price is $104, then a six-month European-style option intended to be at-the-money should have an exercise price of $104.
Options as disguised financings: the demise of an urban tax legend by Liss, Kevin J. / Virginia Tax Review
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