Which of these statements is correct?
A. The strike price of a Bermudan option is an average.
B. A Bermudan option can be exercised only on a few specific dates prior to expiration.
C. A Bermudan option can be exercised at any time before its maturity date.
D. A Bermudan option can be exercised only at maturity.
Answer:B
Which of these statements is correct?
A. The strike price of a Bermudan option is an average. B. A Bermudan option can be exercised only on a few specific dates prior to expiration. C. A Bermudan option can be exercised at any time before its maturity date. D. A Bermudan option can be exercised only at maturity.