Consider a floating-strike lookback put option written on a stock.Let and denote the maximum and minimum prices of the stock over the option's life.Then,the payoff to the option holder is given by ,where
A)
And
,the given strike price of the option.
B)
And
)
C)
And
,the price of the underlying at maturity.
D)
And
)
Correct Answer:
Verified
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