Which of the following statements are correct about the early exercise of American options?
i. It is never optimal to exercise an American call option on a non-dividend-paying stock before the expiration date.
ii. It can be optimal to exercise an American put option on a non-dividend-paying stock early.
iii. It can be optimal to exercise an American call option on a non-dividend-paying stock early.
iv. It is never optimal to exercise an American put option on a non-dividend-paying stock before the expiration date.
a. i and ii
b. i and iv
c. ii and iii
d. iii and iv