Which of the Following Statements Are Correct

Multiple Choice

Which of the following statements are correct?
I.Increasing the time to maturity may not increase the value of a European put.
II.Vega measures the sensitivity of an option's value to the passage of time.
III.Call options tend to be more sensitive to the passage of time than are put options.
IV.An increase in time decreases the value of a call option.

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