The Intrinsic Value of a Call Is I

Multiple Choice

The intrinsic value of a call is I.the value of the call if it were to expire today.
II) equal to the lower bound of a call's value.
III) another name for the market price of a call.
IV) always equal to zero if the call is currently out of the money.

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