Asian options differ from American and European options in that
A. they are only sold in Asian financial markets.
B. they never expire.
C. their payoff is based on the average price of the underlying asset.
D. they are only sold in Asian financial markets and they never expire.
E. they are only sold in Asian financial markets and their payoff is based on the average price of the underlying asset.
C. their payoff is based on the average price of the underlying asset.
Asian options have payoffs that depend on the average price of the underlying asset during some period of time.
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