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In the Black-Scholes formula: {N(d i ), (i=1,2)} is the probability that a normally distributed variable will be ____ than d i standard deviations above

In the Black-Scholes formula:

{N(di), (i=1,2)} is the probability that a normally distributed variable will be ____ than di standard deviations above the mean:

Less

Greater

Neither of the above.

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