单选题 Compared to European call options on an asset with no cash flows, an American call option: A. will have a lower, lower bound on its price. B. will have the same lower bound on its price. C. will have a higher, lower bound on its price.

【正确答案】 B

【答案解析】Since early exercise of an American call option on an asset with no cash flows never generates more than the minimum value of the European option, early exercise is never profitable and the lower bounds on prices of both types of options are the same.