1. What part of Black-Scholes shows an options Delta?

2. What symbol represents implied volatility?

3. What is the expected drift of S₀ during the whole period?

4. In a risk neutral world, what does the probability N(d₂) represent?

5. All else being equal, what impact would a rise in implied volatility have on the price of an option?

6. If S₀ = $125 and X = $100 as T approaches 0, what should the value N(d₁) approach?

7. What does Xe^-rt represent?

8. Assume a certain stock is trading above the strike price on a call option and is assumed to have 0% volatility in the future. Also assume interest rates are 0%. Write a simplified equation to find the value of that call option.

9. What greek represents the sensitivity of N(d₁) to changes in S₀?