10. Consider three European call options written on the same stock which is currently selling for$100per share. The table below reports the strike prices, market prices, and the time to maturity for eachoption. Assume that the transaction cost of buying and selling either option is zero. Finally, assumethat call options A and C are fairly valued and we are trying to determine whether call option B is fairlyvalued or not.OptionStrike PriceMarket PriceTime to MaturityCall Option A$100$51 yearCall Option B$110$31 yearCall Option C$120$11 yearWhich of the following claim regarding the value of Call Option B is correct?(a) Call Option B is undervalued.(b)Call Option B is overvalued.(c) Call Option B is fairly valued.(d) It is impossible to determine anything about the value of Call Option B relative value of the othertwo call options.