Deeble Construction Co.s stock is trading at $30 a share. There are also call options on the companys stock, some with an exercise price of $25 and some with an exercise price of $35. All options expire in three months. Which of the following best describes the value of these options?

	a.	The options with the $25 exercise price have an exercise value equal to $5.
	b.	The options with the $25 exercise price will sell for $5.
	c.	The options with the $25 exercise price will sell for less than the options with the $35 exercise price.
	d.	The options with the $35 exercise price have an exercise value greater than $0.