Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) An in-the-money call occurs if the stock price exceeds the exercise price.
B) An out-of -the money call occurs if the stock price is less than the exercise price.
C) If a call is out of the money,the intrinsic value is zero.
D) If a call is in the money,the intrinsic value is zero.