A dealer's price to sell a security; also called the offer price.

The payoff of average price call option ¼ max [0, A(T) K], where A(T) is the arithmetic average of stock price over time and K is the strike price....

The payoff of average price put option ¼ max [0, K A(T)], where A(T) is the arithmetic average of stock price per share over time and K is the strike...

Gives the lessee the option to purchase the asset at a price below fair market value when the lease expires.