The Term N(d2) Is

question 418

Multiple Choice

The term N(d2) is:

• A) The European put option delta.
• B) The European call option delta.
• C) The probability of a value that is less than or equal to d2, given a standardized normally distributed random variable.
• D) The probability of a value that is greater than or equal to N(d1), given a standardized normally distributed random variable.
• E) The symbol for the measure of sensitivity of an option's value to a change in the time to expiration.

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