An empirical investigation of the early
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Philippe Jorion; Neal M. Stoughton
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Article
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1989
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John Wiley and Sons
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English
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on traders are aware that M American-type option is generally worth more than 0 a European-type option because of the potential for exercise at any time until expiration of the contract. This difference may be termed the early exercise premium. Only recently has it become possibie to empirically me