Note: Correct Answers to Later Questions Are Dependent on Correct

question 33

Multiple Choice

Note: Correct answers to later questions are dependent on correct answers to earlier questions.
-Ima Greedy,the CFO of Financial Saving Techniques has been granted options on 200,000 shares. The stock is currently trading at $23 a share and the options are at the money. The variance of the stock has been about .08 on an annual basis over the last several years. The options mature in 3 years and the risk free rate is 4%.
Calculate N(d₁) .

• A) .5089
• B) .6608
• C) .6882
• D) .6879
• E) .8096

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Definitions:

Carbon Dioxide

A transparent, scentless gas that results from the combustion of carbon and organic materials and through the process of breathing. It exists naturally in the atmosphere and is taken in by plants during the process of photosynthesis.

Lysosomes

Membrane-bound organelles containing digestive enzymes, involved in the breakdown of cellular waste material and foreign substances.

RNA

Ribonucleic acid, a nucleic acid that plays crucial roles in coding, decoding, regulation, and expression of genes.

Enzymatic RNAs

RNA molecules that are capable of catalyzing chemical reactions, playing roles similar to enzymes.