In the Black-Scholes model, if an option is not likely to be exercised, both N(d₁) and N(d₂) will be close to __________. If the option is very likely to be exercised, N(d₁) and N(d₂) will be close to __________.

Multiple Choice

• 1; 0

• 0; 1

• 1; 1

• 1; 1