Consider a Call Option on a Stock That Pays Dividends $q > 0$

Multiple Choice

Consider a call option on a stock that pays dividends at the rate $q > 0$ . Which of the following statements is most valid for the Black-Scholes model?

A) The call is worth more than a call on an equivalent stock that pays no dividends.
B) The probably of the option finishing up in the money is greater than that of a call on an equivalent stock that pays no dividends.
C) The time value of the call is greater than that of a call on an equivalent stock that pays no dividends.
D) None of the above.