Which istrueabout valuing option contracts

I. For a call to be in the money, its intrinsic value must be zero and premium must be zero

II. The intrinsic value for a call and a put can never be negative

III. For a call contract to be out of the money, the actual price of the underlying asset must be less than option's strike

IV. Due to the efficiency of option markets, the actual market price of an option is equal to it's intrinsic value

• A.IV
• B.I,IV
• C.II, IV
• D.I,II, IV
• E.II, III