[40% marks) 3) Explain why an American option is always worth at least as much as a European option on the same asset wi
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[40% marks) 3) Explain why an American option is always worth at least as much as a European option on the same asset wi
[40% marks) 3) Explain why an American option is always worth at least as much as a European option on the same asset with the same strike price and exercise date.
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