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An American call option on a stock that pays no dividends A. May be exercised early if the stock rises sharply just before maturity B.
An American call option on a stock that pays no dividends
A. May be exercised early if the stock rises sharply just before maturity
B. Is never exercised early
C. Is not exercised early unless the growth in the stock exceeds the rate of interest
D. Is always exercised early when the call is deep in the money and the volatility of the stock drops from its initial level
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