An American Call Option on a Stock That Pays No

Multiple Choice

An American call option on a stock that pays no dividends:

A) May be exercised early if the stock rises sharply just before maturity.
B) Is always exercised early when the the call is deep in-the-money, and the volatility of the stock drops from its initial level.
C) Is not exercised early unless the growth in the stock exceeds the rate of interest.
D) Is never exercised early.