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GE stock has a current market value of $19. A call option in GE stock has a strike price of $14 and sells for $8.

GE stock has a current market value of $19. A call option in GE stock has a strike price of $14 and sells for $8. Which statement is false?

a)The time value of the option is $3.

b)The call option could be hedging a company's investment in GE stock.

c)The intrinsic value of the option is $5.

d)If the market price of GE stock falls, the option will be less valuable.

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