71In Reality, an Option's Value Will Equal Its Intrinsic Value

Multiple Choice

71.In reality, an option's value will equal its intrinsic value only at expiration.At all other times, the option's premium or price will exceed its intrinsic value.A major reason for this is/are _____________. 71 through 95---not in the chapter-they are part of the learning extension.
Editing is needed if these items are to be part of a separate test bank for Chap 11's Learning Extension.

A) marketability
B) price
C) trade restrictions
D) time
E) none of the above