1) For an American Call Option whose underlying pays dividend before time to maturity, early exercise is never optimal

True

or

False

2) For an American Put Option whose underlying pays dividend before time to maturity, early exercise is never optimal

True

or

False

3) The maximum possible final payoff from Put Option is the strike price

True

or

False

4) Buy-and-hold strategy whose holding is 100% fully paid stock has the leverage ratio of 1

True

or

False