8.4 American vs European Options An American option is worth at least as much as the corresponding european option P≥ Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 8.4 American vs European Options An American option is worth at least as much as the corresponding European option C  c P  p