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 about to expire.
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