Which one of the following describes the intrinsic value of a put option?

Which one of the following describes the intrinsic value of a put option?    A.  lesser of the strike price or the stock price B.  lesser of the stock price minus the exercise price or zero C.  lesser of the stock price or zero D.  greater of the strike price minus the stock price or zero E.  greater of the stock price minus the exercise price or zero Refer to section 24.2

34.

Which one of the following statements is correct?    A.  The value of a call decreases as the price of the underlying stock increases. B.  The value of a call increases as the exercise price decreases. C.  The value of a put increases as the price of the underlying stock increases. D.  The value of a put decreases as the exercise price increases. E.  The intrinsic value of a put must be zero on the expiration date. Refer to section 24.2

35.

An increase in which of the following will increase the value of a call? I. time to expiration II. underlying stock price III. risk-free rate of return IV. price volatility of the underlying stock    A.  I and III only B.  II, III, and IV only C.  I, III, and IV only D.  I, II, and III only E.  I, II, III, and IV Refer to section 24.2

36.

Which of the following will decrease the value of a call option? I. a decrease in the exercise price II. a decrease in the value of the underlying security III. an increase in the risk-free rate IV. an increase in the time to expiration    A.  II only B.  I and II only C.  III and IV only D.  I, II, and IV only E.  I, II, and III only Refer to section 24.2