Consider a two-period binomial model, where each period is 6 months. Assume the stock price is $75.00, = 0.35, and r = 0.05. An American call option with a strike price of $80 would be exercised early at what dividend yield?

Select one:

a. 5.0%

b. 7.0%

c. 9.0%

d. Never exercise early