Problem

Which one of the following statements about the value of a call option at expiration is fa...

Which one of the following statements about the value of a call option at expiration is false?

a. A short position in a call option will result in a loss if the stock price exceeds the exercise price.

b. The value of a long position equals zero or the stock price minus the exercise price, whichever is higher.

c. The value of a long position equals zero or the exercise price minus the stock price, whichever is higher.

d. A short position in a call option has a zero value for all stock prices equal to or less than the exercise price.

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