An American option is always worth at least as much as a European option on the same asset with the same strike price and exercise date because the American option can be exercised anytime before or at the expiry date. A European option can only be exercised at the expiry date only. So the American option has the same and more rights than the European.
The European Union is a political and economic union of 27 member states located primarily in Europe. Union has a total area of 4,233,255.3 km² and an estimated total population of about 447 million.
Europe can be geographically divided into seven regions. Nordic Countries (Iceland, Norway, Sweden, Finland, Denmark). British Isles (the United Kingdom and Ireland); Western Europe (France, Belgium, Netherlands, Luxembourg, Monaco); Southern Europe (Portugal, Spain, Andorra, Italy, Malta, San Marino, Vatican City. The EU includes geographically Western Asia There is already one non-European member, Cyprus, located in
Learn more about European here
brainly.com/question/24877599
#SPJ4
