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Which of the following is a true statement? a. The actual value of a call option is greater than its intrinsic value prior to expiration

Which of the following is a true statement?

a. The actual value of a call option is greater than its intrinsic value prior to expiration

b. The intrinsic value of a call option is always greater than its time value prior to expiration

c. The intrinsic value of a call option is always positive prior to expiration

d. The intrinsic value of a call option is greater than its actual value prior to expiration

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