An American Put Option on a Stock That Pays No

Multiple Choice

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

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