Lookback Options Have Payoffs That

question 25

Multiple Choice

Lookback options have payoffs that

• A)depend in part on the minimum or maximum price of the underlying asset during the life of the option.
• B)only depend on the minimum price of the underlying asset during the life of the option.
• C)only depend on the maximum price of the underlying asset during the life of the option.
• D)are known in advance.

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