@Article{JPDE-16-29, author = {}, title = {A Note on the Valuation of American Option}, journal = {Journal of Partial Differential Equations}, year = {2003}, volume = {16}, number = {1}, pages = {29--36}, abstract = { American options give holder a right to exercise it at any time at will, the holder should to make the exercise policy in such a way that the expected payoff from the option will be maximized. In this note we prove that it is equivalent to a fact which makes the option value and option delta continuous.}, issn = {2079-732X}, doi = {https://doi.org/}, url = {http://global-sci.org/intro/article_detail/jpde/5403.html} }