Answer the following questions, based on your understanding of options, option price, and exercise value. True or False: An option's price will always be greater than (or equal to) its exercise value. True True or False: When you buy a call option, you are obliged to buy the underlying asset at the strike price by the expiration date. True True or False: If you hold a put option and the current stock price is more than the exercise price, you would lose money by exercising the option: therefore, rather than exercising it, you'd just let the option expire. _____