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Which of the following is NOT consistent with the assumptions in the Black-Scholes-Merton model? Group of answer choices The stock price at a future time
Which of the following is NOT consistent with the assumptions in the Black-Scholes-Merton model?
Group of answer choices
The stock price at a future time is lognormally distributed.
The returns on the stock in two non-overlapping periods are independent.
The return on the stock in a very short period of time is normally distributed.
The stock price at a future time is normally distributed.
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