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In the Black-Scholes-Merton option pricing formula N ( d 1 ) denotes (circle one) a. The area under a normal distribution from zero to d
In the Black-Scholes-Merton option pricing formula N(d1) denotes (circle one)
a. The area under a normal distribution from zero to d1
b. The area under a normal distribution up to d1
c. The area under a normal distribution beyond d1
d. The area under the normal distribution between -d1 and d1
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