Which of the Following Statements Is Valid?
A) It Is $n$

question 23

Multiple Choice

Which of the following statements is valid?

• A) It is not possible to build a recombining binomial tree if volatility is changing over time.
• B) A recombining binomial tree with \(n\) periods has \(n\) nodes at the end of the last period on the tree.
• C) A non-recombining binomial tree with \(n\) periods has \(n ^ { 2 }\) nodes at the end of the last period on the tree.
• D) None of the above.

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