Suppose the Underlying Stock Pays a Dividend Before the Expiration

Multiple Choice

Suppose the underlying stock pays a dividend before the expiration of options on that stock. This will:
I.increase the value of a call option;
II.increase the value of a put option;
III.decrease the value of a call option;
IV.decrease the value of a put option

A) I and II only
B) III and IV only
C) I and IV only
D) II and III only