The Lower Bound on a Call's Value Is The

Multiple Choice

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

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