Why american options exercised at any time before maturity, Finance Basics

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Why american options exercised at any time before maturity

Problem

Why American options can be exercised at any time before expiration or maturity, but European option can only be exercised on the expiration or maturity date.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Finance Basics: Why american options exercised at any time before maturity

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