The ________ of an Option, at Any Time, Is Its

Multiple Choice

The ________ of an option, at any time, is its economic value if it is exercised immediately. If no positive economic value would result from exercising immediately, ________.

A) extrinsic value; extrinsic value is zero.
B) intrinsic value; intrinsic value is zero.
C) extrinsic value; intrinsic value is negative.
D) intrinsic value; intrinsic value is positive.