Question: Suppose that you own an American put option on Buffelhead stock (see question 5) with an exercise price of $220. (a) Would you ever want

Suppose that you own an American put option on Buffelhead stock (see question 5) with an exercise price of $220.

(a) Would you ever want to exercise the put early?

(b) Calculate the value of the put.

(c) Now compare the value with that of an equivalent European put option.

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