In the Black-Scholes Option Pricing Formula,N(d₁)is the Probability That a Standardized,normally

question 93

Multiple Choice

In the Black-Scholes option pricing formula,N(d₁) is the probability that a standardized,normally distributed random variable is:

• A)less than or equal to N(d₂).
• B)less than one.
• C)equal to one.
• D)equal to d₁.
• E)less than or equal to d₁.

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