Using a trial and error approach, estimate how high the strike price has to be in Problem 12 17 for it to be optimal to exercise the option immediately ...

Trial and error shows that immediate early exercise is optimal when the strike price is abov ...

Using a trial-and-error approach, estimate how high the strike price has to be in Problem 12.17 for

Question:

Using a “trial-and-error” approach, estimate how high the has to be in Problem 12.17 for it to be optimal to exercise the option immediately. Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.