A and B are two European put options. Both options are identical in every respect except that the underlying of option A is expected to pay a dividend of $5 in three months. Which of the following is TRUE?

Select one:

a. The value of option A would be higher than that of option B

b. The value of option B would be higher than that of option A

c. The value of option A would be equal to that of option B

d. The value of option A would be higher than that of option B if and only if A is an American option