The Lower Bound on a Call's Value Is Either The

Multiple Choice

The lower bound on a call's value is either the:

A) strike price or zero, whichever is greater.
B) stock price minus the exercise price or zero, whichever is greater.
C) strike price or the stock price, whichever is lower.
D) strike price or zero, whichever is lower.
E) stock price minus the exercise price or zero, whichever is lower.