9) Which one of the following statements is correct?

A) The value of a call decreases as the price of the underlying stock increases.

B) The value of a call increases as the exercise price decreases.

C) The value of a put increases as the price of the underlying stock increases.

D) The value of a put decreases as the exercise price increases.

E) The intrinsic value of a put must be zero on the expiration date.