An Option That Can Be Exercised at Any Time Until

question 30

Multiple Choice

An option that can be exercised at any time until its expiration is called a:

• A) forward contract
• B) lookback option
• C) American-style option
• D) European-style option
• E) Bermuda-style option

---

Definitions:

Correlation Coefficient

A statistical measure that describes the extent to which two variables change together and thus how well one variable can predict the other.

Nominal Scale

A level of measurement used for data that can be categorized but not logically ordered, involving labels or names without inherent numerical value.

Variables

Variables are elements or factors that can change and affect the outcome of scientific experiments or research studies.

Regression Equation

A statistical method used to predict the value of a dependent variable based on one or more independent variables.