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Derivatives

  Derivatives   |   Terms
  • 646
  • March 4, 2023
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MILES

It stands for Mexican Index-linked Euro Security, a nonstandard American call option on the dollar value of the Mexican stock index, the Bolsa Mexicana de Valores. This option comes with a cap provision and has a restricted exercise period that is shorter than the entire life of the option. The underlying is an index of dividend-paying stock.


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