American style option and european style option

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Identify the differences between an American style option and a European style option, and then discuss the following: If you were given an identical premium, strike price and stock price 'in the money' which would you rather own? American style or European style option? Then discuss what you'd do if it was time to take a profit, and the reasons why to all of the above questions.

Reference no: EM133121497

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