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The current market price of NTD is $1. A one month European call option on NTD with a strike price of $20 must be worth

The current market price of NTD is $1. A one month European call option on NTD with a strike price of $20 must be worth nothing because its intrinsic value is 0 and it is impossible for the share price to exceed $20 in a month.

A. TRUE

B. FALSE

Justify your choice here in 30 words

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