Using the Black-Scholes option pricing formula to determine how many of the following statements are false: [I] The longer the time to expiration, the cheaper the call option, all else equal [II] The call value decreases with volatility, all else equal [III] The lower the current stock price, the more expensive the call option, all else equal

		I only
		II only
		I and II only
		I and III only
		I, II and III only