All else equal, call option values are lower

A) in the month of May.
B) for low dividend-payout policies.
C) for high dividend-payout policies.
D) in the month of May and for low dividend-payout policies.
E) in the month of May and for high dividend-payout policies.

Call Option Values

The price of a call option, which grants the holder the right (but not the obligation) to buy an underlying asset at a specified price before a specified date.

Dividend-Payout Policies

The strategies and guidelines a company uses to decide how much of its earnings will be paid out to shareholders as dividends.

Month of May

The fifth month of the year in the Gregorian calendar, often associated with spring in the Northern Hemisphere and autumn in the Southern Hemisphere.