Which of the following regarding "European-type" call options is false?

Select one:

a.The higher the current asset price, the more valuable the option.

b.The lower the exercise price, the more valuable the option.

c.Relative to the corresponding American-type option they are less valuable if the share does not pay a dividend prior to expiry of the option.

d.Relative to the corresponding American-type option they are less valuable if the share does pay a dividend prior to expiry of the option.