Which one of the following statements concerning European options is correct?
A) A European call can be exercised at any time up to and including the expiration date.
B) A European call is more valuable than an American call based on its characteristics.
C) A European option has value only if it is in-the-money at expiration.
D) The value of a European call cannot be computed using the Black-Scholes model.
E) European options cannot legally be issued in North America.
Correct Answer:
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