3. exam

3. Which of the following is a true statement? A. The actual value of a call option is greater than its intrinsic value prior to expiration. B. The intrinsic value of a call option is always greater than its time value prior to expiration. C. The intrinsic value of a call option is always positive prior to expiration. D. The intrinsic value of a call option is greater than its actual value prior to expiration. E. none of the above