Question: 30) At what point does the value of a call option lie furthest above its lower bound (that is, the maximum of zero or

30) At what point does the value of a call option lie

30) At what point does the value of a call option lie furthest above its lower bound (that is, the maximum of zero or the stock price - exercise price)? A. When the stock price is zero. B. When the stock price is very high relative to the exercise price. C. When the stock price equals the exercise price. D. It depends on the maturity of the option.

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