American

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Related to American option: Bermudan option
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Synonyms for American

Yankee or Yank

Synonyms

Yankee or Yank

Synonyms

  • Yankee or Yank
  • Yankee Doodle

Synonyms for American

a native or inhabitant of the United States

References in periodicals archive ?
Denote by f(S, t) the price of American option with S being underlying and t being the current time.
From the numerical results, we can see that volatility has no influence on the payoff of American option, but it plays an important role in American option pricing.
This is also the case of American options whose price depends on the optimal exercise boundary.
Therefore, they suggested an exponential formula to describe the relationship between the American option value, P, and the number of exercise points as follows:
These tests of market efficiency may be misleading because they use American options and the arbitrage conditions are for European options.
The relative errors shown in Table 1 are less than 1.5% for all the cases, which illustrates that the LTM is competitively accurate for solving American option pricing problems.
Before the leader enters the market, he holds an American option to enter preferentially.
The option to transfer funds is like an American option that could be exercised at any time the policyholder believes it is in his interest.
Zhang, 1997, "Numerical-Analysis of American Option Pricing in a Jump-Diffusion Model", Mathematics of Operations Research, 22:668-690
We proceed by first rewriting equation (3) to a form that demonstrates more clearly the presence of an American option payoff element in the interest rate guarantee contract.
Stentoft [27] made numerical analysis to the deviation of American option price which is obtained with the LSM method through choosing a different number of basis functions.
Whaley, 1987, Efficient Analytic Approximation of American Option Values, Journal of Finance, 42: 301-320.
As a special case, when the American option is written on nondividend-paying asset,
Remembering that the surrender option is in fact an American option since its maturity is unknown at inception of the contract, Figure 3 represents the random cash flow provided by the exercise of the American option, namely the quantity h(t)[I.sub.(D(t)[is greater than]1)], where t [is an element of] [0, T].
if the option is not a European option, but an American option. The calculation will be a little more complex.
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