Suppose you hold a call option on oil with an exercise price of $40, which you bought for a premium of $3. Which ONE of the following statements is FALSE?

		If the oil price is $35, you will not exercise the call option.
		If the oil price is $45, you will exercise the call option and achieve a net payoff of $2.
		If the oil price becomes more volatily, the call option premium will rise.
		If the oil price is $50, you will exercise the call option and achieve a net payoff of $10.
		(Tick this option if you think that none of the statements listed are false.)