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:

Trichromatic Theory

A theory in color vision proposing that the human eye has three types of receptors with differing sensitivities to different light wavelengths, corresponding to red, green, and blue.

Color Vision

The capacity of the visual system to identify objects by the wavelengths of light they reflect, emit, or transmit.

Cones

Photoreceptor cells in the retina of the eye that function in bright light and enable the perception of color and fine detail.

Excitation

A process that increases the likelihood or strength of a response in neural or physiological systems.