Consider European CALL options on the same non-dividend paying stock XYZ. Assume that the price of stock XYZ is 100. Which of the following call options has the highest price?

Select one:

a. Exercise Price = 100, Time to expiration =1 year

b. Exercise Price = 90, Time to expiration = 2 year

c. Exercise Price = 100, Time to expiration =2 year

d. Exercise Price = 90, Time to expiration = 1 year