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Mike Buckle and John Thompson

exercised only on a specified date. The options traded on IFE are generally of the American type. Premiums for traded options are quoted in market statistics and we show in table 12.4 illustrative details of two share options (in company X and company Y). While this example is framed in terms of options on individual shares, it is illustrative of the whole genre of options, as

in The UK financial system (fifth edition)