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When there are dividends, a. None of the above. b. It is never optimal to exercise a call option early. c. It is only ever

When there are dividends,

a. None of the above.

b. It is never optimal to exercise a call option early.

c. It is only ever optimal to exercise a call option immediately after an ex-dividend date.

d. It can be optimal to exercise a call option at any time.

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