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How does prior knowledge affect the comprehension of a marketing message?
American Options
Options contracts that allow the holder to exercise the option at any time up to and including the expiration date.
Expiration Date
The date on which an option, futures contract, or insurance policy loses its validity or effect.
Exchange Rate
A financial metric used to determine how much one currency is worth in terms of another for trade and financial transactions.
Unbiased Forward Rates
Future rates of interest inferred from current bond prices, assuming no arbitrage opportunities.
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