| Library: | finance |
| See also: | asset bs1 bitree european mcmillan optstart |
| Quantlet: | american | |
| Description: | starting program to calculate option prices of american options on stocks or foreign exchange rates using the McMillan approximation |
| Usage: | american() | |
library("finance")
american()
Opens an interactive menu where you are asked to specify the characteristics of your option, i.e. the underlying, type of dividend payment, type of option, etc., and to enter its features like strike price, current interest rate etc.. The option price will then be calculated and displayed in the output sheet.