8. A longer term European call option will have a lower price than an otherwise identical but shorter term European call option a. Never b. Always c. Sometimes when there are no dividends d. Sometimes when there are large dividends 9. Six months remain until a call option expires. The stock price is $70 and the exercise price is $65. The call premium is $5 and there are no arbitrage opportunities. The stock does not pay dividends. The interest rate is a. 0% b. 5% c. 10% d. Must know if call is American or European to answer the