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9. Does the Black-Scholes-Merton model assume any of the following? I. the stock price at a future time is normal. II. the stock price at

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9. Does the Black-Scholes-Merton model assume any of the following? I. the stock price at a future time is normal. II. the stock price at a future time is lognormal. III. the return from the stock is lognormal. a. I. Only b. II. Only c. III. Only d. None of these e. All of these

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