div class=ts-pagebutton class=gotoPage data-page=1Page 1button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=1 data-page=1 class=ts-thumb lazyload alt=Page 1: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails1jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=2Page 2button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=2 data-page=2 class=ts-thumb lazyload alt=Page 2: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails2jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=3Page 3button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=3 data-page=3 class=ts-thumb lazyload alt=Page 3: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails3jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=4Page 4button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=4 data-page=4 class=ts-thumb lazyload alt=Page 4: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails4jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=5Page 5button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=5 data-page=5 class=ts-thumb lazyload alt=Page 5: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails5jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=6Page 6button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=6 data-page=6 class=ts-thumb lazyload alt=Page 6: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails6jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=7Page 7button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=7 data-page=7 class=ts-thumb lazyload alt=Page 7: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails7jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=8Page 8button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=8 data-page=8 class=ts-thumb lazyload alt=Page 8: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails8jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=9Page 9button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=9 data-page=9 class=ts-thumb lazyload alt=Page 9: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails9jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=10Page 10button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=10 data-page=10 class=ts-thumb lazyload alt=Page 10: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails10jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=11Page 11button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=11 data-page=11 class=ts-thumb lazyload alt=Page 11: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails11jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=12Page 12button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=12 data-page=12 class=ts-thumb lazyload alt=Page 12: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails12jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=13Page 13button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=13 data-page=13 class=ts-thumb lazyload alt=Page 13: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails13jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=14Page 14button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=14 data-page=14 class=ts-thumb lazyload alt=Page 14: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails14jpg width=140 height=200 divdivdiv class=ts-pagebutton class=gotoPage data-page=15Page 15button div class=ts-imageimg data-url=pg1-hong-kong-university-of-science-and-technology-maykwokpiblicationswukwokfrontpdfhtmlpage=15 data-page=15 class=ts-thumb lazyload alt=Page 15: pg1 - Hong Kong University of Science and TechnologymaykwokpiblicationsWu_Kwok_Frontpdf · The valuation of American options has long been an intriguing problem It is widely acknowledged loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader033vdocumentinreader033viewer20220424075f220ca2c944ed1a3607629chtml5thumbnails15jpg width=140 height=200 divdiv