Note: Correct Answers to Later Questions Are Dependent on Correct

question 3

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 $22 a share and the options are at the money. The variance of the stock has been about .07 on an annual basis over the last several years. The options mature in 3 years and the risk free rate is 4%.
What is d₁?

• A) .1842
• B) .4102
• C) .4583
• D) .4909
• E) .5412

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Definitions:

Moral Code

A set of principles or values that guide an individual's choices and behaviors by distinguishing between what is considered right and wrong.

Law

A set of regulations developed and implemented by social or government bodies to control conduct.

Courts

Institutions that have the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.

Law

A set of regulations developed and implemented by social or governmental bodies to control actions.