Question: Which statement about options is true?Select one:O a. When an option is out-of-the-money, it is worth nothingb. For a call option, its intrinsic value is

Which statement about options is true?Select one:O a. When an option is out-of-the-money, it is worth nothingb. For a call option, its intrinsic value is negative when it is out-of-the-money O c. At maturity, an option's payoff equals it's intrinsic valueO d. The time value of an option is only affected by it's time to maturity Oe. None of the options are correct.

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