If You Can Exercise an Option Anytime Prior to and Including

question 12

Multiple Choice

If you can exercise an option anytime prior to and including the expiration date, the option is a(n) _________ option.

• A) Call
• B) Put
• C) American
• D) European
• E) Index

---

Definitions:

Reasonable Time

A period that is fair and appropriate given the circumstances, often used in contracts to define a period for the performance of an obligation.

Subjective Approach

A perspective or method that relies on personal opinions, interpretations, feelings, or tastes, rather than objective or external facts.

Contract Determination

The process of establishing the terms of a contract, including its obligations, benefits, and conditions, often through negotiation.

Enforcement

The act of compelling compliance with a law, rule, agreement, or order.