Steve Sumner has been doing a lot of research about options on the internet as well as from reputable textbooks. He has discovered the following five facts and wishes to know which ones are correct. i) European Options provide more flexibility than American Options. ii) American Options are usually able to be bought at a cheaper price than European options all things being equal. iii) The value of an Option is the sum of its intrinsic value and time value iv) The time value of an option is irrelevant to option pricing in certain circumstances. v) American options can only be exercised on their maturity date Which statements above are correct? Select one: A. ii, iii, iv \& v B. i, iii, \& iv C. iii \& iv D. iii \& v